Emerald Oil, Inc. (EOX) was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 46.1% in the past one-month time frame.
The company has seen no estimate revisions in the past 7 days and the Zacks Consensus Estimate has also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Emerald Oil currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the independent oil and gas industry include Sandridge Mississippian Trust II (SDR), Cheniere Energy, Inc. (LNG) and LRR Energy, L.P. (LRE). While Sandridge Mississippian sports a Zacks Rank #1 (Strong Buy), both Cheniere Energy and LRR Energy carry a Zacks Rank #2 (Buy).
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