Dougherty & Co Analysts Boost Earnings Estimates for Equal Energy Ltd. (ENT)
Equal Energy Ltd. (NYSE:ENT) – Equities researchers at Dougherty & Co upped their FY2016 earnings per share (EPS) estimates for shares of Equal Energy in a research report issued to clients and investors on Wednesday. Dougherty & Co analyst R. Ryan now forecasts that the brokerage will post earnings of ($0.36) per share for the year, up from their previous forecast of ($0.51). Dougherty & Co also issued estimates for Equal Energy’s Q4 2016 earnings at ($0.12) EPS and FY2017 earnings at ($0.07) EPS.
Other analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Equal Energy from a “buy” rating to a “hold” rating in a research note on Thursday, August 11th. Citigroup Inc. decreased their price target on shares of Equal Energy from $15.00 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, July 20th.
Shares of Equal Energy (NYSE:ENT) opened at 7.12 on Friday. The stock has a 50 day moving average of $8.28 and a 200 day moving average of $7.92. The firm’s market cap is $595.51 million. Equal Energy has a 12 month low of $6.06 and a 12 month high of $11.13.
In other Equal Energy news, insider Aditya Chatterjee sold 3,129 shares of the company’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $9.19, for a total transaction of $28,755.51. Following the completion of the transaction, the insider now owns 4,278 shares in the company, valued at approximately $39,314.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of institutional investors have recently made changes to their positions in ENT. Bayesian Capital Management LP purchased a new position in shares of Equal Energy during the first quarter worth approximately $100,000. Kirr Marbach & Co. LLC IN increased its position in shares of Equal Energy by 24.2% in the second quarter. Kirr Marbach & Co. LLC IN now owns 36,065 shares of the oil and gas exploration company’s stock worth $239,000 after buying an additional 7,030 shares during the last quarter. Frontier Capital Management Co. LLC increased its position in shares of Equal Energy by 10.0% in the second quarter. Frontier Capital Management Co. LLC now owns 7,073,324 shares of the oil and gas exploration company’s stock worth $46,967,000 after buying an additional 643,993 shares during the last quarter. Swiss National Bank increased its position in shares of Equal Energy by 20.1% in the second quarter. Swiss National Bank now owns 76,000 shares of the oil and gas exploration company’s stock worth $505,000 after buying an additional 12,700 shares during the last quarter. Finally, Princeton Alpha Management LP increased its position in shares of Equal Energy by 50.3% in the second quarter. Princeton Alpha Management LP now owns 32,632 shares of the oil and gas exploration company’s stock worth $217,000 after buying an additional 10,927 shares during the last quarter.
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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