FY2016 EPS Estimates for Equal Energy Ltd. Increased by Analyst (ENT)
Equal Energy Ltd. (NYSE:ENT) – Investment analysts at Lake Street Capital increased their FY2016 earnings per share (EPS) estimates for shares of Equal Energy in a report issued on Wednesday. Lake Street Capital analyst M. Blazei now expects that the firm will post earnings per share of ($0.27) for the year, up from their previous forecast of ($0.38). Lake Street Capital also issued estimates for Equal Energy’s Q4 2016 earnings at ($0.02) EPS, Q1 2017 earnings at ($0.01) EPS, Q2 2017 earnings at $0.00 EPS and FY2017 earnings at $0.06 EPS.
A number of other analysts have also commented on ENT. Zacks Investment Research raised Equal Energy from a “hold” rating to a “buy” rating and set a $9.50 price target on the stock in a research note on Wednesday, August 10th. Citigroup Inc. cut their price target 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.
Shares of Equal Energy (NYSE:ENT) opened at 7.12 on Friday. The company’s market capitalization is $595.51 million. The company’s 50-day moving average price is $8.28 and its 200-day moving average price is $7.92. Equal Energy has a 1-year low of $6.06 and a 1-year high of $11.13.
In related news, insider Aditya Chatterjee sold 3,129 shares of Equal Energy 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 transaction, the insider now directly owns 4,278 shares of the company’s stock, valued at $39,314.82. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Several institutional investors have recently bought and sold shares of ENT. Alliancebernstein L.P. raised its position in Equal Energy by 16.2% in the second quarter. Alliancebernstein L.P. now owns 46,000 shares of the oil and gas exploration company’s stock worth $305,000 after buying an additional 6,400 shares in the last quarter. TimesSquare Capital Management LLC raised its position in Equal Energy by 1.5% in the second quarter. TimesSquare Capital Management LLC now owns 2,011,144 shares of the oil and gas exploration company’s stock worth $13,354,000 after buying an additional 30,400 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Equal Energy by 4.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,192,944 shares of the oil and gas exploration company’s stock worth $7,921,000 after buying an additional 49,566 shares in the last quarter. BlackRock Fund Advisors raised its position in Equal Energy by 0.7% in the second quarter. BlackRock Fund Advisors now owns 1,099,510 shares of the oil and gas exploration company’s stock worth $7,301,000 after buying an additional 7,589 shares in the last quarter. Finally, BlackRock Investment Management LLC raised its position in Equal Energy by 22.4% in the second quarter. BlackRock Investment Management LLC now owns 192,125 shares of the oil and gas exploration company’s stock worth $1,276,000 after buying an additional 35,150 shares in the last quarter.
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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