Eclipse Resources Corp. (ECR) Trading Down 14.3%
Eclipse Resources Corp. (NYSE:ECR) shares fell 14.3% during trading on Tuesday . The stock traded as low as $2.81 and last traded at $2.87, with a volume of 3,797,113 shares traded. The stock had previously closed at $3.35.
Several brokerages have commented on ECR. Royal Bank Of Canada lifted their price target on Eclipse Resources Corp. from $2.50 to $3.00 and gave the stock an “outperform” rating in a research report on Monday, May 9th. Topeka Capital Markets boosted their price objective on Eclipse Resources Corp. from $1.50 to $3.00 and gave the company a “hold” rating in a research report on Tuesday, May 10th. Seaport Global Securities upgraded Eclipse Resources Corp. from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $1.25 to $4.25 in a research report on Tuesday, June 7th. Barclays PLC boosted their price objective on 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. Finally, Zacks Investment Research upgraded Eclipse Resources Corp. from a “hold” rating to a “buy” rating and set a $4.25 price objective on the stock in a research report on Wednesday, June 15th. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $2.82.
The firm’s market cap is $644.27 million. The company has a 50-day moving average price of $3.39 and a 200-day moving average price of $1.94.
Eclipse Resources Corp. (NYSE:ECR) last released its quarterly earnings data on Wednesday, May 4th. The company reported ($0.18) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.18). The business earned $49.60 million during the quarter, compared to analyst estimates of $52.14 million. The business’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the business earned ($0.17) earnings per share. On average, equities research analysts expect that Eclipse Resources Corp. will post ($0.30) EPS for the current year.
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. It has assembled an acreage position approximating 221,700 net acres in Eastern Ohio. Approximately 100,700 of its net acres are located in the Utica Shale fairway, which it refers to as the Utica Core Area, and approximately 27,250 of these net acres are also prospective for the area of the Marcellus Shale in Eastern Ohio within what it refers to as its Marcellus Project Area.