Equal Energy Ltd. (ENT) Trading 7.5% Higher
Equal Energy Ltd. (NYSE:ENT) traded up 7.5% during mid-day trading on Friday . The company traded as high as $7.21 and last traded at $7.15, with a volume of 214,570 shares trading hands. The stock had previously closed at $6.65.
Separately, Zacks Investment Research lowered Equal Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, May 11th.
The firm has a 50-day moving average of $6.98 and a 200-day moving average of $8.51. The company’s market cap is $557.33 million.
Equal Energy (NYSE:ENT) last issued its quarterly earnings results on Monday, May 9th. The oil and gas exploration company reported ($0.03) earnings per share for the quarter, missing the 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.
Several large investors recently modified their holdings of the stock. Columbia Wanger Asset Management LLC boosted its stake in shares of Equal Energy by 28.9% in the fourth quarter. Columbia Wanger Asset Management LLC now owns 2,278,304 shares of the oil and gas exploration company’s stock valued at $22,487,000 after buying an additional 510,734 shares during the last quarter. Brown Advisory Inc. bought a new stake in shares of Equal Energy during the fourth quarter valued at $9,640,000. LLBH Private Wealth Management LLC bought a new stake in shares of Equal Energy during the fourth quarter valued at $10,797,000. 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 valued at $11,148,000 after buying an additional 301,888 shares during the last quarter. Finally, 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 valued at $1,623,000 after buying an additional 55,200 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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