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Emerald Oil (EOX) Falls: Stock Goes Down 5.1%

Zacks Equity Research

Emerald Oil, Inc. (EOX) saw a big move last session, as the company’s shares fell by over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $6.74 to $7.24 in the past one-month time frame.

This slump shouldn’t be too much of a surprise to investors, as the independent oil and natural gas exploration and production company has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.  

EOX currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the same sector include Athlon Energy Inc. (ATHL), Callon Petroleum Company (CPE) and Encana Corporation (ECA). All these stocks sport a Zacks Rank #1 (Strong Buy).

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EMERALD OIL INC (EOX): Free Stock Analysis Report

ATHLON ENERGY INC (ATHL): Free Stock Analysis Report

CALLON PETE CO DEL (CPE): Free Stock Analysis Report

ENCANA CORP (ECA): Free Stock Analysis Report

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