Equal Energy Ltd. (ENT) Set to Announce Quarterly Earnings on Monday
Equal Energy Ltd. (NYSE:ENT) will be announcing its Q1 2017 earnings results after the market closes on Monday, September 11th. Analysts expect the company to announce earnings of ($0.08) per share for the quarter.
Equal Energy Ltd. (NYSE:ENT) opened at 2.90 on Friday. The firm’s 50-day moving average is $2.97 and its 200 day moving average is $3.28. Equal Energy Ltd. has a 12-month low of $2.38 and a 12-month high of $9.73. The firm’s market cap is $247.40 million.
A hedge fund recently raised its stake in Equal Energy stock. The Manufacturers Life Insurance Company raised its position in Equal Energy Ltd. (NYSE:ENT) by 16.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,094 shares of the oil and gas exploration company’s stock after acquiring an additional 6,731 shares during the quarter. The Manufacturers Life Insurance Company owned 0.06% of Equal Energy worth $168,000 at the end of the most recent quarter.
ENT has been the subject of several recent research reports. Zacks Investment Research downgraded shares of Equal Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. BidaskClub raised shares of 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, Citigroup Inc. reaffirmed a “neutral” rating and issued a $3.00 price objective (down previously from $5.00) on shares of Equal Energy in a research report on Sunday, May 14th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $8.65.
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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