Equal Energy Given New $20.50 Price Target at Dougherty & Co (ENT)
Research analysts at Dougherty & Co lifted their target price on shares of Equal Energy (NYSE:ENT) from $16.00 to $20.50 in a report released on Monday, Stock Ratings News reports. The firm currently has a “buy” rating on the stock. Dougherty & Co’s target price indicates a potential upside of 22.75% from the company’s current price.
Shares of Equal Energy (NYSE:ENT) traded down 0.06% during mid-day trading on Monday, hitting $16.70. 1,640,005 shares of the company’s stock traded hands. Equal Energy has a 1-year low of $7.82 and a 1-year high of $16.84. The stock’s 50-day moving average is $15.17 and its 200-day moving average is $11.30. The company’s market cap is $962.5 million.
Equal Energy (NYSE:ENT) last announced its earnings results on Tuesday, November 12th. The company reported ($0.10) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.06) by $0.04. The company had revenue of $74.50 million for the quarter, compared to the consensus estimate of $71.09 million. Analysts expect that Equal Energy will post $-1.00 EPS for the current fiscal year.
Separately, analysts at MKM Partners reiterated a “buy” rating on shares of Equal Energy in a research note to investors on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Equal Energy has a consensus rating of “Buy” and a consensus target price of $20.50.
Equal Energy Ltd. (NYSE:ENT) is an exploration and production company with oil and gas properties located principally in Alberta, and Oklahoma.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.