Eclipse Resources Corp. (ECR) Stock Price Up 8.1%
Eclipse Resources Corp. (NYSE:ECR) rose 8.1% on Tuesday . The company traded as high as $2.75 and last traded at $2.68, with a volume of 1,968,087 shares trading hands. The stock had previously closed at $2.48.
ECR has been the subject of a number of analyst reports. Johnson Rice upgraded shares of Eclipse Resources Corp. from a “hold” rating to an “accumulate” rating in a research report on Friday, June 10th. Zacks Investment Research upgraded shares of Eclipse Resources Corp. from a “hold” rating to a “buy” rating and set a $4.25 price target for the company in a research report on Wednesday, June 15th. Seaport Global Securities upgraded shares of Eclipse Resources Corp. from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $1.25 to $4.25 in a research report on Tuesday, June 7th. Barclays PLC boosted 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 research report on Monday, May 9th. Finally, BMO Capital Markets restated a “hold” rating and set a $4.00 price objective on shares of Eclipse Resources Corp. in a research report on Tuesday, July 5th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Eclipse Resources Corp. presently has an average rating of “Hold” and an average price target of $2.82.
The company’s market capitalization is $595.23 million. The stock has a 50-day moving average of $3.39 and a 200 day moving average of $1.97.
Eclipse Resources Corp. (NYSE:ECR) last released its quarterly earnings data on Wednesday, May 4th. The company reported ($0.18) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.18). During the same period last year, the business posted ($0.17) earnings per share. The business earned $49.60 million during the quarter, compared to the consensus estimate of $52.14 million. The firm’s quarterly 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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