The Equal Energy Ltd. (ENT) to Post Q1 2017 Earnings of ($0.24) Per Share, Dougherty & Co Forecasts

The Equal Energy Ltd. (ENT) to Post Q1 2017 Earnings of ($0.24) Per Share, Dougherty & Co Forecasts

Equal Energy Ltd. (NYSE:ENT) – Equities research analysts at Dougherty & Co decreased their Q1 2017 earnings estimates for shares of Equal Energy in a research note issued on Thursday. Dougherty & Co analyst R. Ryan now forecasts that the oil and gas exploration company will post earnings of ($0.24) per share for the quarter, down from their previous estimate of ($0.22). Dougherty & Co has a “Neutral” rating on the stock. Dougherty & Co also issued estimates for Equal Energy’s Q2 2017 earnings at ($0.21) EPS, Q3 2017 earnings at ($0.15) EPS, Q4 2017 earnings at ($0.12) EPS and FY2017 earnings at ($0.71) EPS.

A number of other research firms have also commented on ENT. Guggenheim lowered shares of Equal Energy from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 21st. Zacks Investment Research lowered shares of Equal Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, February 8th. Piper Jaffray Companies lowered shares of Equal Energy from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $18.00 to $6.00 in a research report on Tuesday, February 21st. Finally, Citigroup Inc lowered shares of Equal Energy from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. Equal Energy has a consensus rating of “Hold” and a consensus price target of $8.79.

Equal Energy (NYSE ENT) opened at 2.93 on Monday. The stock’s 50 day moving average price is $3.05 and its 200-day moving average price is $4.91. Equal Energy has a one year low of $2.61 and a one year high of $9.73. The firm’s market cap is $249.96 million. A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Kirr Marbach & Co. LLC IN raised its position in shares of Equal Energy by 1.2% in the first quarter. Kirr Marbach & Co. LLC IN now owns 35,500 shares of the oil and gas exploration company’s stock valued at $113,000 after buying an additional 425 shares during the period. Phoenix Investment Adviser LLC bought a new position in shares of Equal Energy during the first quarter valued at about $128,000. First Mercantile Trust Co. raised its position in shares of Equal Energy by 8.7% in the first quarter. First Mercantile Trust Co. now owns 57,743 shares of the oil and gas exploration company’s stock valued at $184,000 after buying an additional 4,599 shares during the period. Teachers Advisors LLC raised its position in shares of Equal Energy by 5.6% in the first quarter. Teachers Advisors LLC now owns 75,610 shares of the oil and gas exploration company’s stock valued at $241,000 after buying an additional 4,020 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of Equal Energy by 256.3% in the first quarter. Goldman Sachs Group Inc. now owns 75,582 shares of the oil and gas exploration company’s stock valued at $241,000 after buying an additional 54,367 shares during the period.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “ENT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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