Eclipse Resources Corp. (ECR) Trading 4.1% Higher
Eclipse Resources Corp. (NYSE:ECR)’s share price traded up 4.1% on Friday . The company traded as high as $2.84 and last traded at $2.80, with a volume of 1,225,986 shares. The stock had previously closed at $2.69.
A number of equities analysts have weighed in on the stock. Royal Bank Of Canada upped their price objective 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. Topeka Capital Markets upped their price objective on shares of Eclipse Resources Corp. from $1.50 to $3.00 and gave the stock a “hold” rating in a research report on Tuesday, May 10th. Seaport Global Securities upgraded shares of Eclipse Resources Corp. from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $1.25 to $4.25 in a research report on Tuesday, June 7th. Barclays PLC upped their price objective on shares of Eclipse Resources Corp. from $2.00 to $3.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 14th. Finally, Zacks Investment Research raised shares of Eclipse Resources Corp. from a “hold” rating to a “buy” rating and set a $4.25 target price for the company in a report on Wednesday, June 15th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Eclipse Resources Corp. has a consensus rating of “Hold” and an average price target 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 stock’s market capitalization is $613.06 million.
Eclipse Resources Corp. (NYSE:ECR) last released its earnings results on Wednesday, May 4th. The company reported ($0.18) EPS for the quarter, meeting analysts’ consensus estimates of ($0.18). The business earned $49.60 million during the quarter, compared to analyst estimates of $52.14 million. During the same period last year, the business posted ($0.17) EPS. Eclipse Resources Corp.’s revenue was up 13.2% compared to the same quarter last year. On average, equities research analysts expect that Eclipse Resources Corp. will post ($0.21) 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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