Shares of Equal Energy Ltd. (NYSE:ENT) have earned an average rating of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $6.92.

ENT has been the topic of several research reports. Citigroup Inc. reiterated a “neutral” rating and set a $3.00 price target (down previously from $5.00) on shares of Equal Energy in a research report on Sunday, May 14th. Zacks Investment Research downgraded shares of Equal Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th.

A number of hedge funds have recently made changes to their positions in ENT. Kirr Marbach & Co. LLC IN boosted its stake in shares of Equal Energy by 1.2% in the first quarter. Kirr Marbach & Co. LLC IN now owns 35,500 shares of the oil and gas exploration company’s stock valued at $113,000 after buying an additional 425 shares in the last quarter. Phoenix Investment Adviser LLC purchased a new stake in shares of Equal Energy during the first quarter valued at $128,000. First Mercantile Trust Co. boosted its stake in shares of Equal Energy by 8.7% in the first quarter. First Mercantile Trust Co. now owns 57,743 shares of the oil and gas exploration company’s stock valued at $184,000 after buying an additional 4,599 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Equal Energy by 256.3% in the first quarter. Goldman Sachs Group Inc. now owns 75,582 shares of the oil and gas exploration company’s stock valued at $241,000 after buying an additional 54,367 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its stake in shares of Equal Energy by 0.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 38,489 shares of the oil and gas exploration company’s stock valued at $249,000 after buying an additional 153 shares in the last quarter.

TRADEMARK VIOLATION NOTICE: This news story was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this news story on another site, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be accessed at https://www.thecerbatgem.com/2017/07/24/equal-energy-ltd-nyseent-receives-average-rating-of-hold-from-analysts-updated.html.

Equal Energy (NYSE ENT) traded down 4.30% on Friday, reaching $3.34. 311,215 shares of the company’s stock were exchanged. Equal Energy has a 1-year low of $2.61 and a 1-year high of $9.73. The firm’s market capitalization is $284.93 million. The stock’s 50 day moving average price is $3.27 and its 200 day moving average price is $4.08.

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.

Analyst Recommendations for Equal Energy (NYSE:ENT)

Receive News & Stock Ratings for Equal Energy Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equal Energy Ltd. and related stocks with our FREE daily email newsletter.