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

A number of analysts have recently commented on the company. Zacks Investment Research downgraded Equal Energy from a “buy” rating to a “hold” rating in a research note on Thursday, August 11th. Citigroup Inc. lowered their target price on 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 company has a 50 day moving average price of $8.33 and a 200 day moving average price of $8.10. The company’s market cap is $692.53 million.

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

In other Equal Energy news, insider Aditya Chatterjee sold 3,129 shares of Equal Energy 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 completion of the sale, the insider now directly owns 4,278 shares of the company’s stock, valued at approximately $39,314.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

An institutional investor recently raised its position in Equal Energy stock. Wells Fargo & Company MN increased its stake in shares of Equal Energy Ltd. (NYSE:ENT) by 36.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund 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 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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