Equal Energy (ENT) Getting Somewhat Favorable Media Coverage, Analysis Shows
News stories about Equal Energy (NYSE:ENT) have been trending somewhat positive on Friday, according to AlphaOne Sentiment. The research firm, a unit of Accern, ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Equal Energy earned a news sentiment score of 0.21 on AlphaOne’s scale. AlphaOne also assigned news articles about the oil and gas exploration company an impact score of 71 out of 100, indicating that recent news coverage is likely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted AlphaOne Sentiment Analysis’s rankings:
- $158.91 Million in Sales Expected for Equal Energy Ltd. (ENT) This Quarter (americanbankingnews.com)
- The Fairpointe Capital LLC Decreases Position in Werner Enterprises, Inc. (WERN) (eleganthomesinla.com)
- Zacks: Analysts Expect Equal Energy Ltd. (ENT) Will Post Earnings of -$0.17 Per Share (americanbankingnews.com)
- Spectra Energy Partners purchases PSEG equity position in the PennEast interstate natural gas pipeline project (dailyenergyinsider.com)
Shares of Equal Energy (ENT) traded up 7.12% on Friday, hitting $3.16. 1,588,004 shares of the stock were exchanged. The company has a 50-day moving average price of $3.03 and a 200 day moving average price of $4.63. The company’s market cap is $269.58 million. Equal Energy has a 12 month low of $2.61 and a 12 month high of $9.73.
ENT has been the subject of several research reports. Citigroup Inc. reissued a “neutral” rating and issued a $3.00 price objective (down previously from $5.00) on shares of Equal Energy in a research note on Sunday, May 14th. Piper Jaffray Companies downgraded shares of Equal Energy from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $18.00 to $6.00 in a research note on Tuesday, February 21st. Dougherty & Co downgraded shares of Equal Energy from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 22nd. Finally, Guggenheim cut shares of Equal Energy from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Equal Energy presently has a consensus rating of “Hold” and an average price target of $8.79.
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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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