Eclipse Resources Corp. (ECR) Shares Down 2.9%
Eclipse Resources Corp. (NYSE:ECR) shares dropped 2.9% during trading on Tuesday . The company traded as low as $3.32 and last traded at $3.38, with a volume of 1,639,048 shares changing hands. The stock had previously closed at $3.48.
ECR has been the topic of a number of recent analyst reports. Johnson Rice upgraded Eclipse Resources Corp. from a “hold” rating to an “accumulate” rating in a report on Friday, June 10th. Seaport Global Securities upgraded Eclipse Resources Corp. from a “neutral” rating to a “buy” rating and increased their price objective for the company from $1.25 to $4.25 in a report on Tuesday, June 7th. Zacks Investment Research upgraded Eclipse Resources Corp. from a “hold” rating to a “buy” rating and set a $4.25 price objective on the stock in a report on Wednesday, June 15th. Barclays PLC increased their price objective on Eclipse Resources Corp. from $2.00 to $3.00 and gave the company an “equal weight” rating in a report on Thursday, July 14th. Finally, BMO Capital Markets reiterated a “hold” rating on shares of Eclipse Resources Corp. in a report on Tuesday, May 10th. Eleven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Eclipse Resources Corp. has a consensus rating of “Hold” and a consensus target price of $2.91.
The company’s 50 day moving average is $3.14 and its 200-day moving average is $2.19. The firm’s market capitalization is $867.77 million.
Eclipse Resources Corp. (NYSE:ECR) last released its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.33) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by $0.25. During the same quarter last year, the business posted ($0.19) EPS. The company earned $47.10 million during the quarter, compared to analyst estimates of $51.49 million. The business’s quarterly revenue was down 36.8% on a year-over-year basis. Equities analysts anticipate that Eclipse Resources Corp. will post ($0.31) 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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