Eclipse Resources Corp (NYSE:ECR) dropped 0.8% during trading on Monday . The stock traded as low as $2.52 and last traded at $2.63, with a volume of 421,797 shares. The stock had previously closed at $2.65.

A number of equities research analysts have recently issued reports on ECR shares. BMO Capital Markets reaffirmed a “hold” rating and set a $4.00 target price on shares of Eclipse Resources Corp in a report on Tuesday, July 5th. Seaport Global Securities raised shares of Eclipse Resources Corp from a “neutral” rating to a “buy” rating and upped their target price for the stock from $1.25 to $4.25 in a report on Tuesday, June 7th. Barclays PLC upped their target price on shares of Eclipse Resources Corp from $2.00 to $3.00 and gave the stock an “equal weight” rating in a report on Thursday, July 14th. Goldman Sachs Group Inc. upped their target price on shares of Eclipse Resources Corp from $1.25 to $1.50 and gave the stock a “neutral” rating in a report on Tuesday, March 29th. Finally, Johnson Rice lowered shares of Eclipse Resources Corp from a “buy” rating to a “hold” rating in a report on Monday, April 18th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $2.91.

The stock’s market capitalization is $561.79 million. The stock’s 50 day moving average price is $3.37 and its 200 day moving average price is $2.00.

Eclipse Resources Corp (NYSE:ECR) last issued its quarterly earnings results on Wednesday, May 4th. The company reported ($0.18) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.18). The company had revenue of $49.60 million for the quarter, compared to analyst estimates of $52.14 million. Eclipse Resources Corp’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.17) earnings per share. On average, equities research analysts expect that Eclipse Resources Corp will post ($0.22) 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. The Company has assembled an acreage position approximating 221,700 net acres in Eastern Ohio.

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