Eclipse Resources Corp. (ECR) Trading Down 0.8%
Eclipse Resources Corp. (NYSE:ECR) traded down 0.8% on Monday . The company traded as low as $2.52 and last traded at $2.63, with a volume of 421,797 shares trading hands. The stock had previously closed at $2.65.
A number of equities research analysts recently weighed in on the stock. Johnson Rice raised shares of Eclipse Resources Corp. from a “hold” rating to an “accumulate” rating in a research note 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 on the stock 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 increased their price target for the company from $1.25 to $4.25 in a research report on Tuesday, June 7th. BMO Capital Markets reiterated a “hold” rating and set a $4.00 price target on shares of Eclipse Resources Corp. in a research report on Tuesday, July 5th. Finally, Barclays PLC increased their price target on shares of Eclipse Resources Corp. from $2.00 to $3.00 and gave the company an “equal weight” rating in a research report on Thursday. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $2.91.
The company’s market cap is $588.54 million. The firm’s 50 day moving average is $3.39 and its 200-day moving average is $2.00.
Eclipse Resources Corp. (NYSE:ECR) last posted its earnings results on Wednesday, May 4th. The company reported ($0.18) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.18). The business earned $49.60 million during the quarter, compared to analysts’ expectations of $52.14 million. During the same quarter in the prior year, the firm earned ($0.17) EPS. Eclipse Resources Corp.’s revenue for the quarter was up 13.2% compared to the same quarter last year. On average, equities analysts expect that Eclipse Resources Corp. will post ($0.26) EPS for the current 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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