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Emerald Oil (NYSE:EOX) major shareholder & Guill Energy L.P. Edelman bought 118,644 shares of Emerald Oil stock on the open market in a transaction that occurred on Wednesday, May 28th. The stock was purchased at an average cost of $6.44 per share, for a total transaction of $764,067.36. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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 analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $10.36.

Emerald Oil (NYSE:EOX) traded up 2.80% on Wednesday, hitting $6.61. 1,329,579 shares of the company’s stock traded hands. 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 $7.19. The company’s market cap is $438.2 million. Emerald Oil also was the recipient of a significant growth in short interest in the month of 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. Based on an average daily trading volume, of 1,724,722 shares, the short-interest ratio is currently 8.9 days. Approximately 28.0% of the shares of the company are sold short.

Emerald Oil (NYSE:EOX) last announced its earnings results on Monday, May 5th. The company reported $0.04 earnings per share for the quarter, beating the analysts’ 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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