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Emerald Oil (NYSE:EOX) has received a consensus rating of “Buy” from the nine brokerages that are presently covering the stock, American Banking News.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $10.36.

Several analysts have recently commented on the stock. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Emerald Oil in a research note on Wednesday. They now have a $12.00 price target on the stock, up previously from $11.00. Separately, analysts at Zacks upgraded shares of Emerald Oil from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 16th. They now have a $6.90 price target on the stock. Finally, analysts at TheStreet upgraded shares of Emerald Oil from a “sell” rating to a “hold” rating in a research note on Wednesday, March 19th.

Shares of Emerald Oil (NYSE:EOX) traded down 1.24% on Thursday, hitting $7.15. The stock had a trading volume of 90,451 shares. Emerald Oil has a 52-week low of $5.89 and a 52-week high of $9.20. The stock’s 50-day moving average is $6.84 and its 200-day moving average is $7.42. The company’s market cap is $474.0 million.

Emerald Oil (NYSE:EOX) last announced its earnings results on Monday, May 5th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.03. The company had revenue of $18.27 million for the quarter, compared to the consensus estimate of $19.34 million. On average, analysts predict that Emerald Oil will post $0.20 earnings per share for the current fiscal year.

Emerald Oil, Inc (NYSE:EOX) is an independent oil and natural gas exploration and production company.

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