Equal Energy Ltd. (NYSE:ENT) traded down 3.6% during trading on Thursday . The stock traded as low as $8.38 and last traded at $8.38, with a volume of 161,803 shares changing hands. The stock had previously closed at $8.69.

Several equities research analysts have commented on the stock. Zacks Investment Research lowered shares of Equal Energy from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. Citigroup Inc. lowered their target price on shares of Equal Energy from $15.00 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, July 20th.

The stock has a 50 day moving average of $8.17 and a 200-day moving average of $8.14. The stock’s market cap is $703.40 million.

Equal Energy (NYSE:ENT) last released its quarterly earnings data on Monday, August 8th. The oil and gas exploration company reported ($0.49) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.47. The firm had revenue of $112 million for the quarter, compared to analyst estimates of $102 million. On average, equities research analysts predict that Equal Energy Ltd. will post ($0.41) earnings per share for the current year.

In related news, insider Aditya Chatterjee sold 3,129 shares of Equal Energy stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $9.19, for a total transaction of $28,755.51. Following the sale, the insider now directly owns 4,278 shares in the company, valued at approximately $39,314.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

A number of large investors recently made changes to their positions in the company. 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 in the last quarter. 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 in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Equal Energy by 3.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 173,780 shares of the oil and gas exploration company’s stock valued at $1,716,000 after buying an additional 5,960 shares in the last quarter. Finally, 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 in 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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