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Emerald Oil (NYSE:EOX) saw a significant decline in short interest in July. As of July 31st, there was short interest totalling 15,912,441 shares, a decline of 5.5% from the July 15th total of 16,839,110 shares, Stock Ratings News reports. Based on an average daily trading volume, of 1,161,044 shares, the short-interest ratio is presently 13.7 days. Currently, 29.3% of the company’s stock are sold short.

A number of analysts have recently weighed in on EOX shares. 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, August 6th. 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. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Emerald Oil currently has a consensus rating of “Buy” and a consensus price target of $11.25.

Emerald Oil (NYSE:EOX) opened at 8.22 on Tuesday. Emerald Oil has a 1-year low of $6.00 and a 1-year high of $9.20. The stock’s 50-day moving average is $7.54 and its 200-day moving average is $7.13. The company’s market cap is $546.4 million.

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

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