Equal Energy Ltd. (NYSE:ENT) has been given a consensus rating of “Hold” by the nine analysts that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $4.50.

ENT has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of Equal Energy from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. BidaskClub raised shares of Equal Energy from a “sell” rating to a “hold” rating in a report on Saturday, September 2nd. Northland Securities reissued a “buy” rating on shares of Equal Energy in a report on Tuesday, August 29th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Equal Energy in a report on Tuesday, September 19th.

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Several institutional investors and hedge funds have recently made changes to their positions in the company. Sterling Capital Management LLC grew its holdings in shares of Equal Energy by 92.5% during the second quarter. Sterling Capital Management LLC now owns 99,386 shares of the oil and gas exploration company’s stock valued at $354,000 after buying an additional 47,753 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. State Street Corp grew its holdings in shares of Equal Energy by 4.5% during the second quarter. State Street Corp now owns 850,434 shares of the oil and gas exploration company’s stock valued at $3,026,000 after buying an additional 36,784 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Equal Energy by 12.7% during the second quarter. Goldman Sachs Group Inc. now owns 85,147 shares of the oil and gas exploration company’s stock valued at $303,000 after buying an additional 9,565 shares during the last quarter. Finally, Abrams Capital Management L.P. grew its holdings in shares of Equal Energy by 19.0% during the second quarter. Abrams Capital Management L.P. now owns 7,000,000 shares of the oil and gas exploration company’s stock valued at $24,920,000 after buying an additional 1,115,959 shares during the last quarter.

Shares of Equal Energy (NYSE ENT) opened at 3.21 on Friday. The stock’s market capitalization is $273.84 million. Equal Energy has a 52 week low of $2.38 and a 52 week high of $8.42. The firm’s 50-day moving average price is $3.19 and its 200 day moving average price is $3.13.

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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