Equal Energy Ltd. (ENT) Stock Price Up 3%
Equal Energy Ltd. (NYSE:ENT) rose 3% during mid-day trading on Thursday . The stock traded as high as $7.89 and last traded at $7.80, with a volume of 258,970 shares trading hands. The stock had previously closed at $7.57.
Separately, Zacks Investment Research lowered Equal Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, May 11th.
The stock’s market capitalization is $600.26 million. The stock has a 50 day moving average of $7.05 and a 200 day moving average of $8.43.
Equal Energy (NYSE:ENT) last released 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 analysts’ expectations of $112.29 million.
Several institutional investors have recently added to or reduced their stakes in ENT. Stephens Investment Management Group LLC boosted its position in 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 last quarter. Royce & Associates LLC raised its stake in 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. Wells Fargo & Company MN raised its stake in 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. LLBH Private Wealth Management LLC bought a new stake in Equal Energy during the fourth quarter valued at approximately $10,797,000. Finally, Brown Advisory Inc. bought a new stake in Equal Energy during the fourth quarter valued at approximately $9,640,000.
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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