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Equal Energy (NYSE:ENT) was upgraded by TheStreet from a “sell” rating to a “hold” rating in a research note issued on Thursday.

The analysts wrote, “Global Eagle Entertainment (ENT) has been upgraded by TheStreet Ratings from sell to hold. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and poor profit margins.”

A number of other firms have also recently commented on ENT. Analysts at Zacks downgraded shares of Equal Energy from an “outperform” rating to a “neutral” rating in a research note on Thursday, May 15th. They now have a $12.80 price target on the stock. Separately, analysts at Dougherty & Co cut their price target on shares of Equal Energy from $22.00 to $18.00 in a research note on Monday, May 12th. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Equal Energy presently has an average rating of “Buy” and a consensus target price of $17.60.

Shares of Equal Energy (NYSE:ENT) traded down 1.64% during mid-day trading on Thursday, hitting $11.97. 132,642 shares of the company’s stock traded hands. Equal Energy has a 1-year low of $7.82 and a 1-year high of $18.48. The stock has a 50-day moving average of $10.94 and a 200-day moving average of $14.. The company’s market cap is $861.7 million.

Equal Energy (NYSE:ENT) last issued its quarterly earnings data on Friday, May 9th. The company reported ($0.47) earnings per share for the quarter, missing the analysts’ 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. On average, analysts predict that Equal Energy will post $-0.49 earnings per share for the current fiscal year.

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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