Eclipse Resources Corp. (ECR) Trading Up 4.2%
Shares of Eclipse Resources Corp. (NYSE:ECR) were up 4.2% during mid-day trading on Wednesday . The stock traded as high as $3.50 and last traded at $3.47, with a volume of 812,334 shares trading hands. The stock had previously closed at $3.33.
A number of equities analysts have recently weighed in on ECR shares. Johnson Rice upgraded Eclipse Resources Corp. from a “hold” rating to an “accumulate” rating in a research note on Friday, June 10th. Seaport Global Securities upgraded Eclipse Resources Corp. from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $1.25 to $4.25 in a research note 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 research note on Wednesday, June 15th. Barclays PLC raised their price objective on Eclipse Resources Corp. from $2.00 to $3.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 14th. Finally, BMO Capital Markets restated a “hold” rating on shares of Eclipse Resources Corp. in a research note on Tuesday, May 10th. Eleven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Eclipse Resources Corp. presently has an average rating of “Hold” and an average price target of $2.91.
The stock’s market cap is $893.83 million. The firm’s 50 day moving average is $3.14 and its 200-day moving average is $2.19.
Eclipse Resources Corp. (NYSE:ECR) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.33) EPS for the quarter, missing the consensus estimate of ($0.08) by $0.25. The company earned $47.10 million during the quarter, compared to analyst estimates of $51.49 million. During the same quarter last year, the firm posted ($0.19) EPS. The company’s revenue was down 36.8% compared to the same quarter last year. On average, analysts forecast that Eclipse Resources Corp. will post ($0.26) earnings per share for the current 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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