Equal Energy Ltd. (ENT) Coverage Initiated by Analysts at William Blair

Equal Energy Ltd. (ENT) Coverage Initiated by Analysts at William Blair

William Blair initiated coverage on shares of Equal Energy Ltd. (NYSE:ENT) in a report released on Tuesday morning. The firm issued a market perform rating on the oil and gas exploration company’s stock.

Other research analysts have also issued research reports about the stock. Dougherty & Co dropped their price objective on shares of Equal Energy from $11.00 to $10.50 and set a buy rating for the company in a report on Monday, January 9th. Guggenheim assumed coverage on shares of Equal Energy in a report on Wednesday, January 25th. They issued a buy rating and a $12.00 price objective for the company. Zacks Investment Research raised shares of Equal Energy from a sell rating to a hold rating in a research report on Monday, January 30th. Finally, Northland Securities assumed coverage on shares of Equal Energy in a research report on Friday, January 13th. They set an outperform rating and a $11.75 target price for the company. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $10.95.

Equal Energy (NYSE:ENT) opened at 6.19 on Tuesday. Equal Energy has a one year low of $5.90 and a one year high of $11.07. The firm’s market cap is $528.06 million. The company’s 50-day moving average is $6.58 and its 200-day moving average is $7.66.

Several hedge funds have recently made changes to their positions in the company. Columbia Wanger Asset Management LLC increased its stake in shares of Equal Energy by 36.3% in the second quarter. Columbia Wanger Asset Management LLC now owns 3,868,482 shares of the oil and gas exploration company’s stock valued at $25,687,000 after buying an additional 1,029,571 shares during the period. Omega Advisors Inc. bought a new stake in shares of Equal Energy during the third quarter valued at approximately $5,408,000. Frontier Capital Management Co. LLC increased its stake in shares of Equal Energy by 7.8% in the fourth quarter. Frontier Capital Management Co. LLC now owns 7,534,133 shares of the oil and gas exploration company’s stock valued at $48,670,000 after buying an additional 548,002 shares during the period. BlackRock Fund Advisors increased its stake in shares of Equal Energy by 8.5% in the third quarter. BlackRock Fund Advisors now owns 1,193,109 shares of the oil and gas exploration company’s stock valued at $9,915,000 after buying an additional 93,599 shares during the period. Finally, BlackRock Institutional Trust Company N.A. increased its stake in shares of Equal Energy by 4.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,192,944 shares of the oil and gas exploration company’s stock valued at $7,921,000 after buying an additional 49,566 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.

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