Wunderlich Securities Expects Production to Decline for Emerald Oil, Inc.

In a report published Friday, Wunderlich Securities analyst Jason A. Wangler reiterated a Sell rating and $0.50 price target on

. In the report, Wunderlich Securities noted, "Emerald Oil (EOX) reported a miss in 4Q14 as adjusted EPS of $0.03 were ahead of our $0.00 forecast but below the Street's $0.05 as oil pricing and higher costs hurt the bottom line. Additionally, the company had quite a few moving parts given an impairment charge on its assets and some financial items from its debt redemption during the quarter. Overall there was not a great deal that can be considered new given the company had previously released its production levels, year-end proven reserves and 2015 guidance just ahead of an equity raise earlier this year. One thing that was discussed in more detail was the company's thinking about its returns currently and when it would look to accelerate during a recovery; but until then we look for production to start declining by 2H15." Emerald Oil, Inc. closed on Thursday at $1.04.