Equal Energy Ltd. (ENT) Stock Rating Upgraded by BidaskClub

Equal Energy Ltd. (NYSE:ENT) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

A number of other research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Equal Energy from a “hold” rating to a “strong sell” rating in a report on Friday. Needham & Company LLC reiterated a “hold” rating on shares of Equal Energy in a report on Tuesday, September 19th. Finally, Northland Securities reiterated a “buy” rating on shares of Equal Energy in a report on Tuesday, August 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. Equal Energy has a consensus rating of “Hold” and an average target price of $8.65.

Equal Energy (NYSE:ENT) opened at 3.16 on Tuesday. Equal Energy has a 1-year low of $2.38 and a 1-year high of $9.73. The firm’s market capitalization is $269.58 million. The stock’s 50 day moving average is $2.94 and its 200-day moving average is $3.19.

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Several hedge funds and other institutional investors have recently modified their holdings of ENT. Airain ltd grew its holdings in shares of Equal Energy by 79.7% during the second quarter. Airain ltd now owns 34,185 shares of the oil and gas exploration company’s stock valued at $122,000 after buying an additional 15,161 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Equal Energy by 16.7% during the second quarter. The Manufacturers Life Insurance Company now owns 47,094 shares of the oil and gas exploration company’s stock valued at $168,000 after buying an additional 6,731 shares during the last quarter. Kirr Marbach & Co. LLC IN grew its holdings in shares of Equal Energy by 57.2% during the second quarter. Kirr Marbach & Co. LLC IN now owns 55,800 shares of the oil and gas exploration company’s stock valued at $199,000 after buying an additional 20,300 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Equal Energy by 7.5% during the second quarter. Rhumbline Advisers now owns 58,279 shares of the oil and gas exploration company’s stock valued at $207,000 after buying an additional 4,047 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Equal Energy by 256.3% during 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 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.

Analyst Recommendations for Equal Energy (NYSE:ENT)

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