Emerald Oil Given New $9.00 Price Target at SunTrust (EOX)
Research analysts at SunTrust reduced their price target on shares of Emerald Oil (AMEX:EOX) from $10.00 to $9.00 in a report released on Tuesday, Analyst Ratings Network.com reports. The firm currently has a “buy” rating on the stock. SunTrust’s target price points to a potential upside of 22.12% from the company’s current price.
Separately, analysts at Northland Capital Partners raised their price target on shares of Emerald Oil (AMEX:EOX) from $8.00 to $11.00 in a research note to investors on Thursday, August 8th. They now have an “outperform” rating on the stock.
One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $9.40.
Emerald Oil (AMEX:EOX) traded up 5.59% during mid-day trading on Tuesday, hitting $7.37. 1,199,051 shares of the company’s stock traded hands. Emerald Oil has a one year low of $3.90 and a one year high of $8.19. The stock’s 50-day moving average is $7.00 and its 200-day moving average is $6.71. The company’s market cap is $312.9 million.
Emerald Oil, Inc, formerly Voyager Oil & Gas, Inc is an independent oil and natural gas exploration and production company.
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