Emerald Oil Short Interest Up 7.0% in June (EOX)
Emerald Oil (NYSE:EOX) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totalling 17,025,675 shares, an increase of 7.0% from the June 13th total of 15,907,793 shares, Analyst Ratings Network.com reports. Based on an average daily trading volume, of 1,815,367 shares, the short-interest ratio is presently 9.4 days. Currently, 31.4% of the company’s shares are sold short.
EOX has been the subject of a number of recent research reports. Analysts at GMP Securities initiated coverage on shares of Emerald Oil in a research note on Tuesday, June 24th. They set a “buy” rating and a $12.00 price target on the stock. Separately, analysts at Brean Capital initiated coverage on shares of Emerald Oil in a research note on Monday, June 23rd. They set a “buy” rating and a $10.00 price target on the stock. Finally, 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. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $10.49.
Emerald Oil (NYSE:EOX) traded down 2.19% during mid-day trading on Thursday, hitting $7.14. The stock had a trading volume of 1,152,742 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 $6.91 and its 200-day moving average is $7.10. The company’s market cap is $473.3 million.
Emerald Oil (NYSE:EOX) last announced its earnings results 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. 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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