Eclipse Resources Corp. (ECR) Sees Strong Trading Volume
Shares of Eclipse Resources Corp. (NYSE:ECR) saw an uptick in trading volume on Wednesday . 2,473,946 shares were traded during trading, a decline of 14% from the previous session’s volume of 2,888,099 shares.The stock last traded at $2.89 and had previously closed at $2.90.
Several research firms have issued reports on ECR. Royal Bank Of Canada upped their price target on shares of Eclipse Resources Corp. from $2.50 to $3.00 and gave the stock an “outperform” rating in a research report on Monday, May 9th. Barclays PLC upped their price objective on shares of Eclipse Resources Corp. from $1.50 to $2.00 and gave the company an “equal weight” rating in a report on Monday, May 9th. Zacks Investment Research upgraded shares of Eclipse Resources Corp. from a “hold” rating to a “buy” rating and set a $4.25 price objective on the stock in a report on Wednesday, June 15th. Johnson Rice upgraded shares of Eclipse Resources Corp. from a “hold” rating to an “accumulate” rating in a report on Friday, June 10th. Finally, BMO Capital Markets reiterated a “hold” rating on shares of Eclipse Resources Corp. in a report on Tuesday, May 10th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $2.82.
The stock’s market cap is $644.27 million. The stock has a 50 day moving average price of $3.39 and a 200 day moving average price of $1.94.
Eclipse Resources Corp. (NYSE:ECR) last issued its quarterly earnings data on Wednesday, May 4th. The company reported ($0.18) earnings per share for the quarter, meeting the consensus estimate of ($0.18). The company had revenue of $49.60 million for the quarter, compared to the consensus estimate of $52.14 million. During the same quarter last year, the business posted ($0.17) earnings per share. Eclipse Resources Corp.’s revenue was up 13.2% on a year-over-year basis. Analysts predict that Eclipse Resources Corp. will post ($0.30) EPS for the current fiscal year.
Eclipse Resources Corporation (Eclipse) is an independent exploration and production company. The Company is engaged in the acquisition and development of oil and natural gas properties in the Appalachian Basin. It has assembled an acreage position approximating 221,700 net acres in Eastern Ohio. Approximately 100,700 of its net acres are located in the Utica Shale fairway, which it refers to as the Utica Core Area, and approximately 27,250 of these net acres are also prospective for the area of the Marcellus Shale in Eastern Ohio within what it refers to as its Marcellus Project Area.
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