Equal Energy Ltd. (NYSE:ENT) traded 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. The stock had previously closed at $8.20.

Several equities research analysts recently weighed in on the stock. Citigroup Inc. cut 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 $652.56 million. The company has a 50-day moving average price of $7.34 and a 200-day moving average price of $8.27.

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

A number of large investors have recently made changes to their positions in the company. Stephens Investment Management Group LLC raised 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 valued at $9,788,000 after buying an additional 37,998 shares during the period. Royce & Associates LLC raised 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 valued at $1,623,000 after buying an additional 55,200 shares during the period. Finally, Wells Fargo & Company MN raised 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 valued at $11,148,000 after buying an additional 301,888 shares during the period.

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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