Eclipse Resources Corp. (ECR) Trading Down 3.8%
Eclipse Resources Corp. (NYSE:ECR)’s share price was down 3.8% during trading on Thursday . The stock traded as low as $3.13 and last traded at $3.28, with a volume of 610,990 shares changing hands. The stock had previously closed at $3.41.
Several equities analysts recently commented on ECR shares. BMO Capital Markets reiterated a “hold” rating and issued a $4.00 price objective on shares of Eclipse Resources Corp. in a research note on Tuesday, July 5th. Seaport Global Securities upgraded Eclipse Resources Corp. from a “neutral” rating to a “buy” rating and upped their price objective for the company from $1.25 to $4.25 in a research note on Tuesday, June 7th. Zacks Investment Research downgraded Eclipse Resources Corp. from a “buy” rating to a “hold” rating in a research note on Monday, August 8th. Barclays PLC upped their price objective on Eclipse Resources Corp. from $2.00 to $3.00 and gave the company an “equal weight” rating in a research note on Thursday, July 14th. Finally, Piper Jaffray Cos. upgraded Eclipse Resources Corp. from an “underweight” rating to a “neutral” rating in a research note on Tuesday, August 9th. 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 presently has a consensus rating of “Hold” and a consensus price target of $3.00.
The company’s 50-day moving average price is $3.19 and its 200-day moving average price is $2.47. The stock’s market cap is $841.71 million.
Eclipse Resources Corp. (NYSE:ECR) last posted its earnings results on Tuesday, August 2nd. The company reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by $0.25. During the same period in the previous year, the business posted ($0.19) earnings per share. The business had revenue of $47.10 million for the quarter, compared to analyst estimates of $51.49 million. The company’s revenue for the quarter was down 36.8% compared to the same quarter last year. Equities analysts forecast that Eclipse Resources Corp. will post ($0.26) EPS for the current year.
In other Eclipse Resources Corp. news, insider Benjamin Ward Hulburt sold 58,979 shares of Eclipse Resources Corp. stock in a transaction that occurred 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 completion of the sale, the insider now owns 834,772 shares of the company’s stock, valued at approximately $2,996,831.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
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.