Equal Energy Ltd. (ENT) to Post Q2 2017 Earnings of ($0.58) Per Share, William Blair Forecasts

Equal Energy Ltd. (NYSE:ENT) – William Blair decreased their Q2 2017 EPS estimates for Equal Energy in a report issued on Monday. William Blair analyst L. Dipalma now anticipates that the oil and gas exploration company will post earnings per share of ($0.58) for the quarter, down from their prior forecast 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 research analysts also recently issued research reports about the company. Northland Securities restated a “buy” rating on shares of Equal Energy in a research note on Tuesday, August 29th. Needham & Company LLC restated a “hold” rating on shares of Equal Energy in a research note on Tuesday. BidaskClub upgraded Equal Energy from a “sell” rating to a “hold” rating in a research note on Saturday, September 2nd. Finally, Zacks Investment Research upgraded Equal Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $8.65.

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Equal Energy (NYSE:ENT) opened at 3.13 on Wednesday. The company has a 50-day moving average price of $2.94 and a 200-day moving average price of $3.19. Equal Energy has a 1-year low of $2.38 and a 1-year high of $9.73. The firm’s market cap is $267.02 million.

A number of hedge funds and other institutional investors have recently modified their holdings of ENT. Sterling Capital Management LLC raised its holdings in shares of Equal Energy by 92.5% in the 2nd quarter. Sterling Capital Management LLC now owns 99,386 shares of the oil and gas exploration company’s stock valued at $354,000 after acquiring an additional 47,753 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Equal Energy by 16.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 47,094 shares of the oil and gas exploration company’s stock valued at $168,000 after acquiring an additional 6,731 shares in the last quarter. State Street Corp raised its holdings in shares of Equal Energy by 4.5% in the 2nd quarter. State Street Corp now owns 850,434 shares of the oil and gas exploration company’s stock valued at $3,026,000 after acquiring an additional 36,784 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Equal Energy by 12.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 85,147 shares of the oil and gas exploration company’s stock valued at $303,000 after acquiring an additional 9,565 shares in the last quarter. Finally, Abrams Capital Management L.P. raised its holdings in shares of Equal Energy by 19.0% in the 2nd quarter. Abrams Capital Management L.P. now owns 7,000,000 shares of the oil and gas exploration company’s stock valued at $24,920,000 after acquiring an additional 1,115,959 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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