Equal Energy Ltd. (ENT) Downgraded by Zacks Investment Research to “Strong Sell”
Zacks Investment Research cut shares of Equal Energy Ltd. (NYSE:ENT) from a hold rating to a strong sell rating in a research report released on Friday.
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ENT has been the topic of several other reports. BidaskClub raised Equal Energy from a sell rating to a hold rating in a research report on Saturday, September 2nd. Northland Securities reaffirmed a buy rating on shares of Equal Energy in a research report on Tuesday, August 29th. Finally, Needham & Company LLC reaffirmed a hold rating on shares of Equal Energy in a research report on Tuesday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $8.65.
Equal Energy (NYSE:ENT) traded up 0.95% during trading on Friday, reaching $3.18. 166,568 shares of the company were exchanged. The stock’s market capitalization is $271.28 million. Equal Energy has a 52-week low of $2.38 and a 52-week high of $9.73. The firm’s 50 day moving average is $2.94 and its 200 day moving average is $3.19.
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A number of hedge funds and other institutional investors have recently modified their holdings of ENT. First Trust Advisors LP acquired a new stake in Equal Energy in the first quarter worth $560,000. Bank of New York Mellon Corp increased its holdings in shares of Equal Energy by 3.6% during 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 purchasing an additional 7,618 shares during the period. Swiss National Bank increased its holdings in shares of Equal Energy by 8.7% during the first quarter. Swiss National Bank now owns 82,600 shares of the oil and gas exploration company’s stock valued at $263,000 after purchasing an additional 6,600 shares during the period. Frontier Capital Management Co. LLC increased its holdings in shares of Equal Energy by 1.8% during 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 purchasing an additional 138,568 shares during the period. Finally, Royce & Associates LP increased its holdings in shares of Equal Energy by 1,588.3% during the first quarter. Royce & Associates LP now owns 130,000 shares of the oil and gas exploration company’s stock valued at $415,000 after purchasing an additional 122,300 shares during the period.
About Equal Energy
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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