Eclipse Resources Corp. (ECR) Stock Price Up 2.9%
Eclipse Resources Corp. (NYSE:ECR) rose 2.9% during mid-day trading on Monday . The company traded as high as $3.53 and last traded at $3.53, with a volume of 255,578 shares trading hands. The stock had previously closed at $3.43.
ECR has been the subject of a number of recent research reports. Barclays PLC boosted their price objective on shares of Eclipse Resources Corp. from $1.50 to $2.00 and gave the company an “equal weight” rating in a research report on Monday, May 9th. Royal Bank Of Canada boosted their price objective on shares of Eclipse Resources Corp. from $2.50 to $3.00 and gave the company an “outperform” rating in a research report on Monday, May 9th. Piper Jaffray Cos. raised shares of Eclipse Resources Corp. from an “underweight” rating to a “neutral” rating in a research report on Tuesday, August 9th. BMO Capital Markets reissued a “hold” rating on shares of Eclipse Resources Corp. in a research report on Tuesday, May 10th. Finally, Topeka Capital Markets lifted their target price on shares of Eclipse Resources Corp. from $1.50 to $3.00 and gave the company a “hold” rating in a research note on Tuesday, May 10th. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $3.00.
The firm’s market cap is $901.64 million. The stock’s 50 day moving average is $3.12 and its 200 day moving average is $2.40.
Eclipse Resources Corp. (NYSE:ECR) last released its quarterly earnings data 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 had revenue of $47.10 million for the quarter, compared to analysts’ expectations of $51.49 million. Eclipse Resources Corp.’s revenue for the quarter was down 36.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.19) EPS. On average, equities analysts anticipate that Eclipse Resources Corp. will post ($0.25) earnings per share for the current fiscal year.
In other news, insider Benjamin Ward Hulburt sold 58,979 shares of the stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $3.59, for a total value of $211,734.61. Following the sale, the insider now owns 834,772 shares in the company, valued at $2,996,831.48. The transaction 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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