Eclipse Resources Corp. (ECR) Trading Down 3.8%
Eclipse Resources Corp. (NYSE:ECR)’s share price fell 3.8% during mid-day trading on Thursday . The company traded as low as $3.13 and last traded at $3.28, with a volume of 610,990 shares. The stock had previously closed at $3.41.
A number of research firms recently issued reports on ECR. Royal Bank Of Canada raised their price target on Eclipse Resources Corp. from $2.50 to $3.00 and gave the stock an “outperform” rating in a report on Monday, May 9th. Simmons raised Eclipse Resources Corp. from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $3.00 to $4.00 in a report on Tuesday, August 9th. Topeka Capital Markets raised their price target on Eclipse Resources Corp. from $1.50 to $3.00 and gave the stock a “hold” rating in a report on Tuesday, May 10th. Seaport Global Securities raised Eclipse Resources Corp. from a “neutral” rating to a “buy” rating and raised their price target for the stock from $1.25 to $4.25 in a report on Tuesday, June 7th. Finally, Barclays PLC raised their price target on Eclipse Resources Corp. from $2.00 to $3.00 and gave the stock an “equal weight” rating in a report on Thursday, July 14th. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Eclipse Resources Corp. has an average rating of “Hold” and a consensus target price of $3.00.
The stock’s 50 day moving average price is $3.23 and its 200-day moving average price is $2.48. The company’s market capitalization is $872.98 million.
Eclipse Resources Corp. (NYSE:ECR) last issued its earnings results on Tuesday, August 2nd. The company reported ($0.33) earnings per share (EPS) 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 analyst estimates of $51.49 million. During the same quarter in the previous year, the business posted ($0.19) EPS. The business’s quarterly revenue was down 36.8% on a year-over-year basis. Analysts anticipate that Eclipse Resources Corp. will post ($0.26) earnings per share for the current year.
In other news, insider Benjamin Ward Hulburt sold 58,979 shares of the company’s stock in a transaction dated 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 approximately $2,996,831.48. The sale was disclosed in a document filed with the SEC, which is accessible through 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.
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