Eclipse Resources Corp. (ECR) Shares Up 2.8%
Eclipse Resources Corp. (NYSE:ECR)’s share price traded up 2.8% on Thursday . The company traded as high as $3.72 and last traded at $3.70, with a volume of 644,879 shares traded. The stock had previously closed at $3.60.
A number of equities analysts have weighed in on the stock. Johnson Rice raised shares of Eclipse Resources Corp. from a “hold” rating to an “accumulate” rating in a research note on Friday, June 10th. Zacks Investment Research raised 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 note on Wednesday, June 15th. Piper Jaffray Cos. raised shares of Eclipse Resources Corp. from an “underweight” rating to a “neutral” rating in a research note on Tuesday, August 9th. Simmons raised shares of Eclipse Resources Corp. from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $3.00 to $4.00 in a research note on Tuesday, August 9th. Finally, Seaport Global Securities raised shares of Eclipse Resources Corp. from a “neutral” rating to a “buy” rating and increased their price target for the stock from $1.25 to $4.25 in a research note on Tuesday, June 7th. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $3.00.
The stock has a 50 day moving average of $3.04 and a 200-day moving average of $2.29. The stock’s market cap is $964.19 million.
Eclipse Resources Corp. (NYSE:ECR) last released its earnings results on Tuesday, August 2nd. The company reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.08) by $0.25. The firm had revenue of $47.10 million for the quarter, compared to analyst estimates of $51.49 million. Eclipse Resources Corp.’s quarterly revenue was down 36.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.19) earnings per share. On average, analysts expect that Eclipse Resources Corp. will post ($0.25) 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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