Equal Energy Ltd. (ENT) Shares Up 1.5%
Equal Energy Ltd. (NYSE:ENT) shot up 1.5% on Friday . The company traded as high as $9.08 and last traded at $8.98, with a volume of 270,960 shares changing hands. The stock had previously closed at $8.85.
Several research firms recently commented on ENT. Zacks Investment Research downgraded shares of Equal Energy from a “buy” rating to a “hold” rating in a research report on Thursday, August 11th. Citigroup Inc. cut 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 report on Wednesday, July 20th.
The company has a 50 day moving average of $8.04 and a 200-day moving average of $8.17. The firm’s market cap is $750.24 million.
Equal Energy (NYSE:ENT) last released its quarterly earnings data on Monday, August 8th. The oil and gas exploration company reported ($0.49) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.47. The business had revenue of $112 million for the quarter, compared to analyst estimates of $102 million. Analysts predict that Equal Energy Ltd. will post ($0.41) earnings per share for the current year.
In other Equal Energy news, insider Aditya Chatterjee sold 3,129 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $39,314.82. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Other large investors recently made changes to their positions in the company. 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 valued at $9,788,000 after buying an additional 37,998 shares in the last quarter. 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 in the last quarter. 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 valued at $11,148,000 after buying an additional 301,888 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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