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Brean Capital hoisted their target price on shares of Emerald Oil (NYSE:EOX) from $10.00 to $11.00 in a research note issued on Tuesday. The firm currently has a “buy” rating on the stock. Brean Capital’s price objective points to a potential upside of 48.45% from the stock’s previous close.

A number of other firms have also recently commented on EOX. 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. 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 investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $10.59.

Emerald Oil (NYSE:EOX) traded down 1.42% during mid-day trading on Tuesday, hitting $7.305. The stock had a trading volume of 1,187,515 shares. Emerald Oil has a 52 week low of $6.00 and a 52 week high of $9.20. The stock has a 50-day moving average of $7.44 and a 200-day moving average of $7.12. The company’s market cap is $484.2 million.

Emerald Oil (NYSE:EOX) last announced its earnings results on Monday, August 4th. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.04 by $0.07. The company had revenue of $24.59 million for the quarter, compared to the consensus estimate of $27.04 million. During the same quarter in the prior year, the company posted ($0.23) earnings per share. The company’s quarterly revenue was up 137.8% on a year-over-year basis. On average, analysts predict that Emerald Oil will post $0.17 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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