Eclipse Resources Corp. (ECR) Trading Down 1.9%
Shares of Eclipse Resources Corp. (NYSE:ECR) were down 1.9% during mid-day trading on Friday . The stock traded as low as $3.60 and last traded at $3.63, with a volume of 841,650 shares changing hands. The stock had previously closed at $3.70.
Several analysts have issued reports on ECR shares. Royal Bank Of Canada boosted their target price on shares of Eclipse Resources Corp. from $2.50 to $3.00 and gave the company an “outperform” rating in a research note on Monday, May 9th. Barclays PLC upped their price target on shares of Eclipse Resources Corp. from $1.50 to $2.00 and gave the stock an “equal weight” rating in a research note on Monday, May 9th. Topeka Capital Markets upped their price target on shares of Eclipse Resources Corp. from $1.50 to $3.00 and gave the stock a “hold” rating in a research note on Tuesday, May 10th. BMO Capital Markets reaffirmed a “hold” rating on shares of Eclipse Resources Corp. in a research note on Tuesday, May 10th. Finally, Seaport Global Securities raised shares of 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 research note on Tuesday, June 7th. Eleven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $3.00.
The stock’s market capitalization is $943.34 million. The stock’s 50 day moving average price is $3.04 and its 200-day moving average price is $2.31.
Eclipse Resources Corp. (NYSE:ECR) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by $0.25. The firm had revenue of $47.10 million for the quarter, compared to the consensus estimate of $51.49 million. The firm’s quarterly revenue was down 36.8% on a year-over-year basis. During the same quarter last year, the company posted ($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 on Wednesday, August 17th. The shares were sold at an average price of $3.59, for a total transaction of $211,734.61. Following the sale, the insider now directly owns 834,772 shares in the company, valued at $2,996,831.48. The sale was disclosed in a document filed with the SEC, which is available at 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.