Insider Buying: Seth Setrakian Acquires 25,000 Shares of Emerald Oil Stock (EOX)
Emerald Oil (NYSE:EOX) Director Seth Setrakian bought 25,000 shares of Emerald Oil stock in a transaction that occurred on Wednesday, October 2nd. The stock was purchased at an average price of $6.70 per share, for a total transaction of $167,500.00. Following the acquisition, the director now directly owns 102,421 shares in the company, valued at approximately $686,221. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Emerald Oil (NYSE:EOX) traded up 6.90% during mid-day trading on Friday, hitting $7.75. 2,701,718 shares of the company’s stock traded hands. Emerald Oil has a one year low of $3.90 and a one year high of $8.09. 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 $329.0 million.
Emerald Oil (NYSE:EOX) last released its earnings data 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 $-0.40 EPS for the current fiscal year.
A number of research firms have recently commented on EOX. Analysts at Zacks downgraded shares of Emerald Oil (NYSE:EOX) from a “neutral” rating to an “underperform” rating in a research note to investors on Friday. They now have a $6.90 price target on the stock. Separately, analysts at SunTrust reiterated a “buy” rating on shares of Emerald Oil (NYSE:EOX) in a research note to investors on Thursday. They now have a $9.00 price target on the stock. Finally, 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. One analyst has rated the stock with a sell rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $8.70.
Emerald Oil, Inc, formerly Voyager Oil & Gas, Inc is an independent oil and natural gas exploration and production company.
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