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

A number of equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Equal Energy from a “hold” rating to a “buy” rating and set a $9.50 target price on the stock in a research note on Wednesday, August 10th. Citigroup Inc. decreased 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’s 50 day moving average is $8.26 and its 200-day moving average is $8.13. The company’s market cap is $672.46 million.

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

In other news, insider Aditya Chatterjee sold 3,129 shares of the business’s stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $9.19, for a total transaction of $28,755.51. Following the sale, the insider now owns 4,278 shares in the company, valued at $39,314.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

A hedge fund recently raised its stake in Equal Energy stock. Wells Fargo & Company MN raised its position in Equal Energy Ltd. (NYSE:ENT) by 36.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,129,458 shares of the oil and gas exploration company’s stock after buying an additional 301,888 shares during the period. Wells Fargo & Company MN owned about 1.44% of Equal Energy worth $11,148,000 as of its most recent SEC filing.

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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