Equal Energy Ltd. Expected to Post Q1 2017 Earnings of ($0.20) Per Share (ENT)
Equal Energy Ltd. (NYSE:ENT) – Equities researchers at William Blair boosted their Q1 2017 earnings estimates for Equal Energy in a report released on Wednesday. William Blair analyst L. Dipalma now expects that the oil and gas exploration company will earn ($0.20) per share for the quarter, up from their prior forecast of ($0.21). William Blair currently has a “Market Perform” rating on the stock. William Blair also issued estimates for Equal Energy’s Q2 2017 earnings at ($0.16) EPS, Q3 2017 earnings at ($0.15) EPS, Q4 2017 earnings at ($0.16) EPS, FY2017 earnings at ($0.67) EPS and FY2018 earnings at ($0.52) EPS.
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A number of other brokerages have also recently commented on ENT. Zacks Investment Research cut shares of Equal Energy from a “hold” rating to a “sell” rating in a report on Tuesday, January 17th. Guggenheim assumed coverage on shares of Equal Energy in a report on Wednesday, January 25th. They set a “buy” rating and a $12.00 target price for the company. Northland Securities assumed coverage on shares of Equal Energy in a report on Friday, January 13th. They set an “outperform” rating and a $11.75 target price for the company. Piper Jaffray Companies cut shares of Equal Energy from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $18.00 to $6.00 in a report on Tuesday, February 21st. Finally, Dougherty & Co reduced their target price on shares of Equal Energy from $11.00 to $10.50 and set a “buy” rating for the company in a report on Monday, January 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $10.13.
Equal Energy (NYSE:ENT) opened at 3.05 on Friday. The firm’s market capitalization is $260.19 million. The stock’s 50 day moving average is $3.56 and its 200 day moving average is $6.07. Equal Energy has a one year low of $2.76 and a one year high of $9.73.
A number of hedge funds have recently made changes to their positions in the stock. Kirr Marbach & Co. LLC IN boosted its stake in shares of Equal Energy by 1.2% in the first quarter. Kirr Marbach & Co. LLC IN now owns 35,500 shares of the oil and gas exploration company’s stock worth $113,000 after buying an additional 425 shares in the last quarter. CWM LLC acquired a new stake in shares of Equal Energy during the first quarter worth approximately $2,013,000. Highbridge Capital Management LLC boosted its stake in shares of Equal Energy by 167.1% in the fourth quarter. Highbridge Capital Management LLC now owns 99,247 shares of the oil and gas exploration company’s stock worth $641,000 after buying an additional 62,089 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in shares of Equal Energy by 0.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 38,489 shares of the oil and gas exploration company’s stock worth $249,000 after buying an additional 153 shares in the last quarter. Finally, Carve CapitalAB purchased a new stake in shares of Equal Energy during the fourth quarter worth about $5,030,000.
Equal Energy Company Profile
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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