News coverage about Equal Energy (NYSE:ENT) has trended somewhat negative this week, according to Alpha One Sentiment. Alpha One, a division of Accern, scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Equal Energy earned a daily sentiment score of -0.12 on Alpha One’s scale. Alpha One also gave news articles about the oil and gas exploration company an impact score of 93 out of 100, meaning that recent media coverage is extremely likely to have an impact on the company’s share price in the near term.
A number of analysts have issued reports on ENT shares. Zacks Investment Research downgraded Equal Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, January 24th. Guggenheim initiated coverage on Equal Energy in a research report on Wednesday, January 25th. They issued a “buy” rating and a $12.00 price target for the company. William Blair initiated coverage on Equal Energy in a research report on Tuesday, January 31st. They issued a “market perform” rating for the company. Piper Jaffray Companies cut Equal Energy from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $18.00 to $6.00 in a research report on Tuesday, February 21st. Finally, Citigroup Inc cut Equal Energy from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 22nd. One equities research 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. The company currently has an average rating of “Hold” and an average price target of $8.79.
Shares of Equal Energy (NYSE:ENT) opened at 3.29 on Friday. The company’s 50-day moving average price is $3.04 and its 200 day moving average price is $5.21. Equal Energy has a 1-year low of $2.61 and a 1-year high of $9.73. The company’s market cap is $280.67 million.
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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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