Strength Seen in Emerald Oil (EOX): Stock Gains 7.5% – Tale of the Tape

Zacks

Emerald Oil, Inc. (EOX) was a big mover last session with shares rising roughly 8% on the day. The move came on solid volume with far more shares changing hands than in a normal session. This reverses the recent downtrend of the company as the stock has lost roughly 49% in the past one-month time frame.

This independent oil and natural gas exploration and production company has seen no estimate revision in the last 30 days. The Zacks Consensus Estimate has also remained unchanged over the same period. Friday’s rally 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 #3 (Hold) while its Earnings ESP is negative.

Investors interested in the oil and gas industry may consider a better-ranked stock like Cheniere Energy, Inc. (LNG). The stock carries a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

To read this article on Zacks.com click here.

Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.

Be the first to comment

Leave a Reply