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Shares of Emerald Oil (NYSE:EOX) were the target of a significant decline in short interest during the month of April. As of April 30th, there was short interest totalling 14,565,196 shares, a decline of 0.3% from the April 15th total of 14,523,149 shares, Analyst Ratings.Net reports. Based on an average trading volume of 1,208,686 shares, the short-interest ratio is currently 12.1 days. Currently, 26.7% of the company’s stock are sold short.

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, May 7th. 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. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $10.36.

Shares of Emerald Oil (NYSE:EOX) opened at 6.80 on Wednesday. Emerald Oil has a one year low of $5.89 and a one year high of $9.20. The stock has a 50-day moving average of $6.8 and a 200-day moving average of $7.35. The company’s market cap is $450.8 million.

Emerald Oil (NYSE:EOX) last released its earnings data on Monday, May 5th. The company reported $0.04 EPS for the quarter, beating the Thomson Reuters 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. Analysts expect that Emerald Oil will post $0.17 EPS 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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