Emerald Oil Given “Buy” Rating at Global Hunter Securities (EOX)
Emerald Oil (NYSE:EOX)‘s stock had its “buy” rating reaffirmed by research analysts at Global Hunter Securities in a report released on Tuesday, Analyst Ratings Network.com reports. They currently have a $9.00 price target on the stock. Global Hunter Securities’ price target points to a potential upside of 35.14% from the company’s current price.
A number of other firms have also recently commented on EOX. Analysts at SunTrust reiterated a “buy” rating on shares of Emerald Oil (NYSE:EOX) in a research note to investors on Tuesday, September 10th. They now have a $9.00 price target on the stock. Separately, 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. Finally, 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 equities research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus target price of $8.90.
Emerald Oil (NYSE:EOX) traded down 6.20% during mid-day trading on Tuesday, hitting $6.66. The stock had a trading volume of 1,273,237 shares. Emerald Oil has a 1-year low of $3.90 and a 1-year high of $8.09. The stock has a 50-day moving average of $6.96 and a 200-day moving average of $6.76. The company’s market cap is $282.8 million.
Emerald Oil (NYSE:EOX) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.23) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.05) by $0.18. During the same quarter last year, the company posted $0.13 earnings per share. On average, analysts predict that Emerald Oil will post $-0.63 earnings per share for the current fiscal year.
Emerald Oil, Inc, formerly Voyager Oil & Gas, Inc is an independent oil and natural gas exploration and production company.
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