Eclipse Resources Corp. (ECR) Trading 4.1% Higher
Shares of Eclipse Resources Corp. (NYSE:ECR) traded up 4.1% during mid-day trading on Friday . The stock traded as high as $2.84 and last traded at $2.80, with a volume of 1,225,986 shares changing hands. The stock had previously closed at $2.69.
Several analysts have recently issued reports on the stock. Royal Bank Of Canada lifted their target price on shares of Eclipse Resources Corp. from $2.50 to $3.00 and gave the company an “outperform” rating in a research report on Monday, May 9th. Barclays PLC boosted their price target on shares of Eclipse Resources Corp. from $1.50 to $2.00 and gave the stock an “equal weight” rating in a research 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 target on the stock in a research report on Wednesday, June 15th. Johnson Rice upgraded shares of Eclipse Resources Corp. from a “hold” rating to an “accumulate” rating in a research report on Friday, June 10th. Finally, BMO Capital Markets restated a “hold” rating on shares of Eclipse Resources Corp. in a research report on Tuesday, May 10th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $2.91.
The stock’s 50 day moving average price is $3.36 and its 200-day moving average price is $2.02. The company’s market cap is $613.06 million.
Eclipse Resources Corp. (NYSE:ECR) last announced its quarterly earnings results on Wednesday, May 4th. The company reported ($0.18) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.18). During the same quarter in the prior year, the business earned ($0.17) EPS. The company earned $49.60 million during the quarter, compared to analysts’ expectations of $52.14 million. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. On average, analysts anticipate that Eclipse Resources Corp. will post ($0.21) earnings per share 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.