Equal Energy Ltd. (NYSE:ENT) was up 4.1% on Monday . The stock traded as high as $8.63 and last traded at $8.54, with a volume of 342,548 shares trading hands. The stock had previously closed at $8.20.

Several equities research analysts have weighed in on ENT shares. Citigroup Inc. lowered their price objective on shares of Equal Energy from $15.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, July 20th. Zacks Investment Research cut shares of Equal Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, May 11th.

The company’s market capitalization is $664.27 million. The firm’s 50 day moving average is $7.28 and its 200-day moving average is $8.30.

Equal Energy (NYSE:ENT) last announced its earnings results on Monday, May 9th. The oil and gas exploration company reported ($0.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by $0.01. The firm had revenue of $113.80 million for the quarter, compared to the consensus estimate of $112.29 million. On average, equities analysts forecast that Equal Energy Ltd. will post $0.02 earnings per share for the current fiscal year.

Other large investors have made changes to their positions in the company. Stephens Investment Management Group LLC boosted its stake in shares of Equal Energy by 4.0% in the fourth quarter. Stephens Investment Management Group LLC now owns 991,704 shares of the oil and gas exploration company’s stock worth $9,788,000 after buying an additional 37,998 shares during the last quarter. Royce & Associates LLC boosted its stake in shares of Equal Energy by 50.5% in the fourth quarter. Royce & Associates LLC now owns 164,400 shares of the oil and gas exploration company’s stock worth $1,623,000 after buying an additional 55,200 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Equal Energy by 36.5% in the fourth quarter. Wells Fargo & Company MN now owns 1,129,458 shares of the oil and gas exploration company’s stock worth $11,148,000 after buying an additional 301,888 shares during the last quarter.

Equal Energy Ltd. (Equal) is an exploration and production of oil and gas company. Equal’s oil and gas properties are located in Oklahoma. Equal Energy has an indirect, wholly-owned subsidiary, EEUSHI. EEUSHI holds all of Equal’s Oklahoma oil and gas properties and associated assets through its wholly owned subsidiary, Equal Energy US Inc The Company also reviews new drilling opportunities and potential acquisitions in Oklahoma to supplement its exploration and development activities.

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