Equal Energy Ltd. (NYSE:ENT) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report released on Friday.

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ENT has been the subject of a number of other reports. Northland Securities reiterated a “buy” rating on shares of Equal Energy in a research report on Tuesday, August 29th. BidaskClub upgraded shares of Equal Energy from a “sell” rating to a “hold” rating in a report on Saturday, September 2nd. Finally, Needham & Company LLC restated a “hold” rating on shares of Equal Energy in a report on Tuesday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $8.65.

Shares of Equal Energy (ENT) traded up 0.95% during midday trading on Friday, hitting $3.18. 166,568 shares of the stock traded hands. Equal Energy has a 52-week low of $2.38 and a 52-week high of $9.73. The company’s market cap is $271.28 million. The stock has a 50-day moving average of $2.94 and a 200-day moving average of $3.19.

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Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Equal Energy by 7.0% in the first 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 purchasing an additional 258,376 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Equal Energy by 3.6% in the first 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 purchasing an additional 7,618 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Equal Energy by 44.8% in the first 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 purchasing an additional 233,463 shares in the last quarter. Frontier Capital Management Co. LLC grew its holdings in shares of Equal Energy by 1.8% in the first 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 purchasing an additional 138,568 shares in the last quarter. Finally, Airain ltd grew its holdings in shares of Equal Energy by 79.7% in the second quarter. Airain ltd now owns 34,185 shares of the oil and gas exploration company’s stock valued at $122,000 after purchasing an additional 15,161 shares in the last quarter.

Equal Energy Company Profile

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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