Equal Energy Ltd. (NYSE:ENT) has received a consensus rating of “Hold” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $6.92.

Several equities analysts have recently weighed in on ENT shares. Zacks Investment Research cut shares of Equal Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Citigroup Inc. reissued a “neutral” rating and issued a $3.00 price objective (down previously from $5.00) on shares of Equal Energy in a report on Sunday, May 14th.

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Several large investors have recently added to or reduced their stakes in ENT. State Street Corp increased its stake in Equal Energy by 8.8% in the fourth quarter. State Street Corp now owns 750,025 shares of the oil and gas exploration company’s stock valued at $4,850,000 after buying an additional 60,644 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Equal Energy by 185.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 521,208 shares of the oil and gas exploration company’s stock valued at $3,367,000 after buying an additional 338,615 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its stake in Equal Energy by 0.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 38,489 shares of the oil and gas exploration company’s stock valued at $249,000 after buying an additional 153 shares during the last quarter. Highbridge Capital Management LLC increased its stake in Equal Energy by 167.1% in the fourth quarter. Highbridge Capital Management LLC now owns 99,247 shares of the oil and gas exploration company’s stock valued at $641,000 after buying an additional 62,089 shares during the last quarter. Finally, CWM LLC bought a new stake in Equal Energy during the first quarter valued at approximately $2,013,000.

Shares of Equal Energy (ENT) opened at 3.16 on Tuesday. The firm has a 50-day moving average of $3.33 and a 200-day moving average of $3.88. Equal Energy has a 1-year low of $2.61 and a 1-year high of $9.73. The firm’s market capitalization is $269.58 million.

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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