Dougherty & Co Lowers Equal Energy Price Target to $18.00 (ENT)
Equities researchers at Dougherty & Co decreased their target price on shares of Equal Energy (NYSE:ENT) from $22.00 to $18.00 in a research report issued on Monday, Analyst Ratings Net reports. The firm currently has a “buy” rating on the stock. Dougherty & Co’s price target would suggest a potential upside of 64.84% from the stock’s previous close.
Shares of Equal Energy (NYSE:ENT) traded up 4.60% during mid-day trading on Monday, hitting $10.92. The stock had a trading volume of 582,609 shares. Equal Energy has a 52-week low of $7.82 and a 52-week high of $18.48. The stock has a 50-day moving average of $13.01 and a 200-day moving average of $14.56. The company’s market cap is $610.6 million.
Equal Energy (NYSE:ENT) last announced its earnings results on Friday, May 9th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by $0.42. The company had revenue of $86.00 million for the quarter, compared to the consensus estimate of $85.38 million.
A number of other analysts have also recently weighed in on ENT. Analysts at Zacks upgraded shares of Equal Energy from a “neutral” rating to an “outperform” rating in a research note on Wednesday, April 16th. They now have a $14.70 price target on the stock. Analysts at Imperial Capital raised their price target on shares of Equal Energy from $16.00 to $22.00 in a research note on Tuesday, March 25th. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $18.23.
Equal Energy Ltd. (NYSE:ENT) is an exploration and production company with oil and gas properties located principally in Alberta, and Oklahoma.
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