Q2 2017 EPS Estimates for Equal Energy Ltd. Lowered by Analyst (ENT)

Equal Energy Ltd. (NYSE:ENT) – William Blair lowered their Q2 2017 earnings per share estimates for Equal Energy in a research report issued on Monday. William Blair analyst L. Dipalma now forecasts that the oil and gas exploration company will post earnings of ($0.58) per share for the quarter, down from their previous estimate of ($0.16). William Blair also issued estimates for Equal Energy’s Q3 2017 earnings at ($0.36) EPS, Q4 2017 earnings at ($0.25) EPS, FY2017 earnings at ($1.72) EPS and FY2018 earnings at ($0.63) EPS.

Other equities analysts have also issued research reports about the stock. Needham & Company LLC reiterated a “hold” rating on shares of Equal Energy in a report on Tuesday. Zacks Investment Research upgraded shares of Equal Energy from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Northland Securities reiterated a “buy” rating on shares of Equal Energy in a report on Tuesday, August 29th. Finally, BidaskClub upgraded shares of Equal Energy from a “sell” rating to a “hold” rating in a report on Saturday, September 2nd. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $8.65.

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Shares of Equal Energy (ENT) opened at 3.21 on Wednesday. The firm’s 50-day moving average price is $2.94 and its 200-day moving average price is $3.19. The firm’s market cap is $273.84 million. Equal Energy has a 12 month low of $2.38 and a 12 month high of $9.73.

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Equal Energy by 7.0% during the 1st quarter. Vanguard Group Inc. now owns 3,972,198 shares of the oil and gas exploration company’s stock valued at $12,671,000 after acquiring an additional 258,376 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Equal Energy by 3.6% during the 1st quarter. Bank of New York Mellon Corp now owns 218,455 shares of the oil and gas exploration company’s stock valued at $696,000 after acquiring an additional 7,618 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Equal Energy by 44.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 754,671 shares of the oil and gas exploration company’s stock valued at $2,407,000 after acquiring an additional 233,463 shares in the last quarter. Frontier Capital Management Co. LLC lifted its holdings in shares of Equal Energy by 1.8% during the 1st quarter. Frontier Capital Management Co. LLC now owns 7,672,701 shares of the oil and gas exploration company’s stock valued at $24,476,000 after acquiring an additional 138,568 shares in the last quarter. Finally, Airain ltd lifted its holdings in shares of Equal Energy by 79.7% during the 2nd quarter. Airain ltd now owns 34,185 shares of the oil and gas exploration company’s stock valued at $122,000 after acquiring an additional 15,161 shares in the last quarter.

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.

Earnings History and Estimates for Equal Energy (NYSE:ENT)

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