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Emerald Oil (NYSE:EOX) major shareholder & Guill Energy L.P. Edelman acquired 301,631 shares of the stock in a transaction that occurred on Friday, May 23rd. The stock was purchased at an average price of $6.44 per share, with a total value of $1,942,503.64. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

A number of research firms have recently commented on EOX. 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 equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $10.36.

Emerald Oil (NYSE:EOX) traded down 0.46% on Tuesday, hitting $6.43. The stock had a trading volume of 919,631 shares. Emerald Oil has a 52 week low of $6.00 and a 52 week high of $9.20. The stock’s 50-day moving average is $6.77 and its 200-day moving average is $7.20. The company’s market cap is $426.2 million. Emerald Oil also was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totalling 15,321,255 shares, a growth of 5.2% from the April 30th total of 14,565,196 shares. Currently, 28.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,724,722 shares, the short-interest ratio is currently 8.9 days.

Emerald Oil (NYSE:EOX) last issued its quarterly earnings data 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 $0.16 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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