FY2016 EPS Estimates for Equal Energy Ltd. Reduced by Analyst (ENT)

Equal Energy Ltd. (NYSE:ENT) – Dougherty & Co lowered their FY2016 earnings estimates for Equal Energy in a report issued on Sunday. Dougherty & Co analyst R. Ryan now forecasts that the brokerage will post earnings of ($0.37) per share for the year, down from their previous estimate of ($0.36). Dougherty & Co currently has a “Buy” rating and a $10.50 target price on the stock. Dougherty & Co also issued estimates for Equal Energy’s Q4 2016 earnings at ($0.13) EPS, Q1 2017 earnings at ($0.18) EPS, Q3 2017 earnings at ($0.11) EPS, Q4 2017 earnings at ($0.09) EPS, FY2017 earnings at ($0.50) EPS and FY2018 earnings at ($0.24) EPS.

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Equal Energy (NYSE:ENT) remained flat at $6.20 during mid-day trading on Wednesday. The stock had a trading volume of 139,809 shares. The stock has a 50-day moving average price of $6.73 and a 200 day moving average price of $7.73. Equal Energy has a 12-month low of $6.06 and a 12-month high of $11.07. The firm’s market capitalization is $528.92 million.

COPYRIGHT VIOLATION WARNING: “FY2016 EPS Estimates for Equal Energy Ltd. Reduced by Analyst (ENT)” was first posted by Community Financial News and is owned by of Community Financial News. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of United States and international copyright laws. The correct version of this report can be accessed at https://www.com-unik.info/2017/01/11/fy2016-eps-estimates-for-equal-energy-ltd-reduced-by-analyst-ent.html.

A number of institutional investors have recently modified their holdings of the company. Columbia Wanger Asset Management LLC increased its position 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 worth $25,687,000 after buying an additional 1,029,571 shares in the last quarter. Omega Advisors Inc. bought a new position in shares of Equal Energy during the third quarter worth approximately $5,408,000. Brown Advisory Inc. increased its position in shares of Equal Energy by 33.7% in the second quarter. Brown Advisory Inc. now owns 1,715,555 shares of the oil and gas exploration company’s stock worth $11,392,000 after buying an additional 432,814 shares in the last quarter. BlackRock Fund Advisors increased its position 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 worth $9,915,000 after buying an additional 93,599 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position 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 worth $7,921,000 after buying an additional 49,566 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.

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