Shares of Equal Energy Ltd. (NYSE:ENT) traded up 3.3% during mid-day trading on Thursday . The company traded as high as $8.94 and last traded at $8.83, with a volume of 137,976 shares traded. The stock had previously closed at $8.55.

A number of analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Equal Energy from a “buy” rating to a “hold” rating in a report on Thursday. Citigroup Inc. decreased their price objective on shares of Equal Energy from $15.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, July 20th.

The firm’s market capitalization is $685.17 million. The firm has a 50-day moving average of $7.67 and a 200-day moving average of $8.22.

Equal Energy (NYSE:ENT) last announced its earnings results on Monday, August 8th. The oil and gas exploration company reported ($0.49) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by $0.47. The firm had revenue of $112 million for the quarter, compared to analysts’ expectations of $102 million. Analysts expect that Equal Energy Ltd. will post ($0.33) EPS for the current fiscal year.

Several hedge funds have made changes to their positions in the stock. 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 period. 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 period. 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 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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