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Emerald Oil (NYSE:EOX) major shareholder & Guill Energy L.P. Edelman bought 100,000 shares of Emerald Oil stock in a transaction that occurred on Tuesday, June 3rd. The shares were purchased at an average price of $6.25 per share, with a total value of $625,000.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Shares of Emerald Oil (NYSE:EOX) traded down 0.65% on Wednesday, hitting $6.14. The stock had a trading volume of 1,097,541 shares. Emerald Oil has a one year low of $6.00 and a one year high of $9.20. The stock has a 50-day moving average of $6.69 and a 200-day moving average of $7.13. The company’s market cap is $407.0 million.

Emerald Oil (NYSE:EOX) last issued its quarterly earnings data 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. Analysts expect that Emerald Oil will post $0.16 EPS for the current fiscal year.

A number of analysts have recently weighed in on EOX shares. 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 assigned a buy rating to the company’s stock. Emerald Oil currently has an average rating of “Buy” and an average target price of $10.36.

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

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