Zacks Investment Research downgraded shares of EMERALD OIL INC (EOX) from NEUTRAL to UNDERPERFORM on November 12, 2012, with a target price of $4.80.
Emerald Oil, Inc. is an exploration and production company focused primarily on acquiring acreage and developing wells in prospective shale oil plays in the continental United States. The Company's primary business is focused on properties in North Dakota and Montana targeting the Bakken and Three Forks shale oil formations. Emerald Oil, Inc., formerly known as Voyager Oil & Gas, Inc., is based in Denver, Colorado.
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