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Shares of Emerald Oil (NYSE:EOX) have been given a consensus rating of “Buy” by the ten brokerages that are presently covering the stock, Analyst Ratings News reports. Two equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $10.32.

A number of research firms have recently commented on EOX. Analysts at Brean Capital initiated coverage on shares of Emerald Oil in a research note on Monday. They set a “buy” rating and a $10.00 price target on the stock. Separately, 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. Finally, 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.

Emerald Oil (NYSE:EOX) traded down 0.66% during mid-day trading on Monday, hitting $7.54. The stock had a trading volume of 1,068,645 shares. Emerald Oil has a one year low of $6.00 and a one year high of $9.20. The stock’s 50-day moving average is $6.63 and its 200-day moving average is $7.08. The company’s market cap is $499.8 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 $0.16 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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