Emerald Oil Receives “Buy” Rating from SunTrust (EOX)
Emerald Oil (NYSE:EOX)‘s stock had its “buy” rating reiterated by investment analysts at SunTrust in a note issued to investors on Thursday, AR Network reports. They currently have a $9.00 target price on the stock. SunTrust’s price target indicates a potential upside of 24.14% from the company’s current price.
Shares of Emerald Oil (NYSE:EOX) remained flat at $7.25 during trading on Thursday. The stock had a trading volume of 1,109,571 shares. Emerald Oil has a one year low of $3.90 and a one year high of $8.09. The stock’s 50-day moving average is $6.94 and its 200-day moving average is $6.77. The company’s market cap is $307.8 million.
Emerald Oil (NYSE:EOX) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.23) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.05) by $0.18. During the same quarter in the prior year, the company posted $0.13 earnings per share. On average, analysts predict that Emerald Oil will post $-0.40 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on EOX. Analysts at Global Hunter Securities reiterated a “buy” rating on shares of Emerald Oil (NYSE:EOX) in a research note to investors on Tuesday, September 24th. 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 has a consensus rating of “Buy” and a consensus price target of $8.90.
Emerald Oil, Inc, formerly Voyager Oil & Gas, Inc is an independent oil and natural gas exploration and production company.
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