Eclipse Resources Corp. (ECR) Trading 2.9% Higher
Shares of Eclipse Resources Corp. (NYSE:ECR) traded up 2.9% on Monday . The company traded as high as $3.53 and last traded at $3.53, with a volume of 255,578 shares changing hands. The stock had previously closed at $3.43.
A number of analysts have recently weighed in on the stock. Royal Bank Of Canada raised their price target on shares of Eclipse Resources Corp. from $2.50 to $3.00 and gave the company an “outperform” rating in a report on Monday, May 9th. Barclays PLC raised their price target on shares of Eclipse Resources Corp. from $1.50 to $2.00 and gave the company an “equal weight” rating in a report on Monday, May 9th. Zacks Investment Research upgraded shares of Eclipse Resources Corp. from a “hold” rating to a “buy” rating and set a $4.25 target price for the company in a research note on Wednesday, June 15th. Simmons upgraded shares of Eclipse Resources Corp. from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $3.00 to $4.00 in a research note on Tuesday, August 9th. Finally, Johnson Rice upgraded shares of Eclipse Resources Corp. from a “hold” rating to an “accumulate” rating in a research note on Friday, June 10th. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Eclipse Resources Corp. currently has a consensus rating of “Hold” and a consensus price target of $3.00.
The firm’s market capitalization is $876.89 million. The company’s 50 day moving average is $3.17 and its 200 day moving average is $2.47.
Eclipse Resources Corp. (NYSE:ECR) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.33) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.08) by $0.25. The business had revenue of $47.10 million for the quarter, compared to the consensus estimate of $51.49 million. During the same quarter in the previous year, the business earned ($0.19) EPS. Eclipse Resources Corp.’s revenue for the quarter was down 36.8% on a year-over-year basis. On average, equities analysts predict that Eclipse Resources Corp. will post ($0.25) earnings per share for the current year.
In related news, insider Benjamin Ward Hulburt sold 58,979 shares of the company’s stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
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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