Equal Energy Ltd. (NYSE:ENT) shares were up 2.9% during mid-day trading on Monday . The stock traded as high as $8.40 and last traded at $8.27, with a volume of 105,979 shares changing hands. The stock had previously closed at $8.04.

Several research analysts recently issued reports on ENT shares. Zacks Investment Research cut 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 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 firm has a 50-day moving average of $8.26 and a 200-day moving average of $8.13. The firm’s market cap is $692.53 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 for the quarter, missing the consensus estimate of ($0.02) by $0.47. The business earned $112 million during the quarter, compared to analyst estimates of $102 million. Equities analysts expect that Equal Energy Ltd. will post ($0.41) EPS for the current year.

In other Equal Energy news, insider Aditya Chatterjee sold 3,129 shares of the stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $9.19, for a total value of $28,755.51. Following the completion of the sale, the insider now owns 4,278 shares in the company, valued at approximately $39,314.82. The transaction was disclosed in a document filed with the SEC, which is available at this link.

A hedge fund recently raised its stake in Equal Energy stock. Wells Fargo & Company MN boosted its stake in Equal Energy Ltd. (NYSE:ENT) by 36.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 approximately 1.44% of Equal Energy worth $11,148,000 as of its most recent filing with the SEC.

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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