Insider Buying: Emerald Oil major shareholder Purchases 129,725 Shares of Stock (EOX)
Emerald Oil (NYSE:EOX) major shareholder & Guill Energy L.P. Edelman bought 129,725 shares of the company’s stock in a transaction that occurred on Monday, June 2nd. The shares were purchased at an average price of $6.34 per share, with a total value of $822,456.50. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock 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 investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Emerald Oil has an average rating of “Buy” and an average target price of $10.36.
Emerald Oil (NYSE:EOX) traded up 3.16% on Tuesday, hitting $6.272. 684,995 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 $6.73 and its 200-day moving average is $7.15. The company’s market cap is $415.8 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 $0.16 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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