Equities analysts forecast that Equal Energy Ltd. (NYSE:ENT) will post earnings per share of ($0.13) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Equal Energy’s earnings. The highest EPS estimate is ($0.02) and the lowest is ($0.21). Equal Energy posted earnings of ($0.49) per share in the same quarter last year, which would suggest a positive year over year growth rate of 73.5%. The business is expected to issue its next earnings results on Monday, August 14th.

According to Zacks, analysts expect that Equal Energy will report full-year earnings of ($0.45) per share for the current financial year, with EPS estimates ranging from ($0.71) to ($0.07). For the next fiscal year, analysts forecast that the firm will post earnings of ($0.18) per share, with EPS estimates ranging from ($0.52) to $0.17. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow Equal Energy.

ENT has been the subject of a number of recent research reports. Citigroup Inc. restated a “neutral” rating and set a $3.00 price target (down previously from $5.00) on shares of Equal Energy in a research note on Sunday, May 14th. Zacks Investment Research lowered shares of Equal Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Equal Energy currently has a consensus rating of “Hold” and a consensus target price of $8.79.

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Shares of Equal Energy (ENT) traded up 2.27% during midday trading on Wednesday, hitting $3.16. 338,071 shares of the stock traded hands. The stock’s market capitalization is $269.58 million. Equal Energy has a 52 week low of $2.61 and a 52 week high of $9.73. The firm has a 50-day moving average price of $3.33 and a 200-day moving average price of $3.88.

Institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC raised its position in Equal Energy by 3.7% in the fourth quarter. Renaissance Technologies LLC now owns 668,400 shares of the oil and gas exploration company’s stock valued at $4,318,000 after buying an additional 23,600 shares during the last quarter. Frontier Capital Management Co. LLC increased its stake in Equal Energy by 1.8% in the first quarter. Frontier Capital Management Co. LLC now owns 7,672,701 shares of the oil and gas exploration company’s stock valued at $24,476,000 after buying an additional 138,568 shares during the period. Bank of New York Mellon Corp increased its stake in Equal Energy by 3.6% in the first quarter. Bank of New York Mellon Corp now owns 218,455 shares of the oil and gas exploration company’s stock valued at $696,000 after buying an additional 7,618 shares during the period. First Trust Advisors LP acquired a new stake in Equal Energy during the first quarter valued at approximately $560,000. Finally, Dimensional Fund Advisors LP increased its stake in Equal Energy by 185.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 521,208 shares of the oil and gas exploration company’s stock valued at $3,367,000 after buying an additional 338,615 shares during the period.

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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Earnings History and Estimates for Equal Energy (NYSE:ENT)

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