Emerald Oil Receives Consensus Rating of “Buy” from Brokerages (NYSE:EOX)
Emerald Oil (NYSE:EOX) has received a consensus recommendation of “Buy” from the nine ratings firms that are currently covering the company, Analyst RN reports. One analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $11.25.
A number of research firms have recently commented on EOX. Analysts at Howard Weil raised their price target on shares of Emerald Oil from $11.00 to $13.00 in a research note on Wednesday. They now have a “sector outperform” rating on the stock. Separately, analysts at Brean Capital raised their price target on shares of Emerald Oil from $10.00 to $11.00 in a research note on Tuesday, August 5th. They now have a “buy” rating on the stock. Finally, 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.
Emerald Oil (NYSE:EOX) opened at 8.13 on Wednesday. Emerald Oil has a 1-year low of $6.00 and a 1-year high of $9.20. The stock has a 50-day moving average of $7.52 and a 200-day moving average of $7.14. The company’s market cap is $540.5 million.
Emerald Oil, Inc (NYSE:EOX) is an independent oil and natural gas exploration and production company.
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