Current EOX Stock Info

EOX Says Breakeven Price in the Bakken is $55/BOE

Emerald Oil is a pure play Williston Basin E&P with operations targeting the Bakken, Pronghorn and Three Forks shale oil formations. The company averaged production of 3,855 BOEPD in its Q3’14 results, along with net income of $13.7 million ($0.21 per share). The results represent respective increases of 3% and 80% and on a quarter-over-quarter basis.

"Emerald is well positioned to weather the current oil price environment,” said McAndrew Rudisill, Chief Executive Officer of Emerald Oi...

Analyst Commentary

Global Hunter Securities (11.04.14)

Emerald Oil, Inc. (AMEX: EOX; $2.88; Buy; $10.00 PT) Q3 Update: Focusing on priorities

Mixed. Q3 earnings were shy of estimates on lower production, pricing, and opex, and Q4 guidance was lowered by 6%. Looking into 2015, EOX will prioritize holding acreage and reducing its outspend rather than ramping its rig count, a message that should be welcomed by investors. We see current liquidity ($200MM plus $50MM expected borrowing base increase) funding the more conservative 2015 program (50%+ production growth), giving EOX greater flexibility in an uncertain commodity environment.  

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