Eclipse Resources Corp. (ECR) Shares Up 2.8%
Eclipse Resources Corp. (NYSE:ECR)’s share price shot 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. The stock had previously closed at $3.60.
A number of research firms have weighed in on ECR. Johnson Rice upgraded Eclipse Resources Corp. from a “hold” rating to an “accumulate” rating in a report on Friday, June 10th. Zacks Investment Research upgraded Eclipse Resources Corp. from a “hold” rating to a “buy” rating and set a $4.25 price target for the company in a report on Wednesday, June 15th. Simmons upgraded Eclipse Resources Corp. from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $3.00 to $4.00 in a report on Tuesday, August 9th. Piper Jaffray Cos. upgraded Eclipse Resources Corp. from an “underweight” rating to a “neutral” rating in a report on Tuesday, August 9th. Finally, Seaport Global Securities upgraded Eclipse Resources Corp. from a “neutral” rating to a “buy” rating and upped their price target for the stock from $1.25 to $4.25 in a report on Tuesday, June 7th. Eleven research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $3.00.
The stock’s market cap is $943.34 million. The stock has a 50-day moving average of $3.04 and a 200 day moving average of $2.31.
Eclipse Resources Corp. (NYSE:ECR) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.33) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.08) by $0.25. The firm earned $47.10 million during the quarter, compared to the consensus estimate of $51.49 million. Eclipse Resources Corp.’s quarterly revenue was down 36.8% on a year-over-year basis. During the same period in the previous year, the business earned ($0.19) earnings per share. On average, equities analysts predict that Eclipse Resources Corp. will post ($0.25) EPS for the current fiscal year.
In related news, insider Benjamin Ward Hulburt sold 58,979 shares of the firm’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $3.59, for a total value of $211,734.61. Following the transaction, the insider now directly owns 834,772 shares of the company’s stock, valued at approximately $2,996,831.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
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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