Emerald Oil Rating Reiterated by SunTrust (EOX)
Emerald Oil (NYSE:EOX)‘s stock had its “buy” rating restated by research analysts at SunTrust in a report released on Tuesday, American Banking & Market News reports. They currently have a $9.00 price target on the stock. SunTrust’s price objective points to a potential upside of 22.12% from the company’s current price.
A number of other firms have also recently commented on EOX. Analysts at Northland Securities raised their price target on shares of Emerald Oil (NYSE:EOX) from $8.00 to $11.00 in a research note to investors on Thursday, August 8th. Analysts at Northland Capital Partners raised their price target on shares of Emerald Oil (NYSE: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.
Nine research analysts have rated the stock with a buy rating, Emerald Oil has an average rating of “Buy” and an average price target of $9.12.
Shares of Emerald Oil (NYSE:EOX) traded up 5.59% during mid-day trading on Tuesday, hitting $7.37. The stock had a trading volume of 1,199,051 shares. 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 (NYSE:EOX) last announced its earnings results on Tuesday, August 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by $0.18. During the same quarter in the previous year, the company posted $0.13 earnings per share. Analysts expect that Emerald Oil will post $-0.49 EPS for the current fiscal year.
Emerald Oil, Inc, formerly Voyager Oil & Gas, Inc is an independent oil and natural gas exploration and production company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.