Eclipse Resources Corp. (ECR) Trading Down 4.5%
Eclipse Resources Corp. (NYSE:ECR) traded down 4.5% during mid-day trading on Wednesday . The stock traded as low as $2.74 and last traded at $2.74, with a volume of 1,024,791 shares traded. The stock had previously closed at $2.87.
ECR has been the subject of a number of research reports. Johnson Rice raised Eclipse Resources Corp. from a “hold” rating to an “accumulate” rating in a research note on Friday, June 10th. Barclays PLC lifted their price objective on Eclipse Resources Corp. from $2.00 to $3.00 and gave the company an “equal weight” rating in a research note on Thursday, July 14th. BMO Capital Markets reaffirmed a “hold” rating and issued a $4.00 price objective on shares of Eclipse Resources Corp. in a research note on Tuesday, July 5th. Zacks Investment Research raised Eclipse Resources Corp. from a “hold” rating to a “buy” rating and set a $4.25 price objective for the company in a research note on Wednesday, June 15th. Finally, Seaport Global Securities raised Eclipse Resources Corp. from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $1.25 to $4.25 in a research note on Tuesday, June 7th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Eclipse Resources Corp. currently has a consensus rating of “Hold” and a consensus target price of $2.91.
The firm’s market capitalization is $639.81 million. The stock has a 50 day moving average price of $3.34 and a 200 day moving average price of $2.04.
Eclipse Resources Corp. (NYSE:ECR) last posted its earnings results on Wednesday, May 4th. The company reported ($0.18) EPS for the quarter, hitting the consensus estimate of ($0.18). During the same quarter in the prior year, the business earned ($0.17) earnings per share. The business had revenue of $49.60 million for the quarter, compared to analyst estimates of $52.14 million. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. On average, analysts predict that Eclipse Resources Corp. will post ($0.29) 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.
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