Eclipse Resources Corp. (ECR) Shares Down 5%
Eclipse Resources Corp. (NYSE:ECR) traded down 5% during mid-day trading on Monday . The company traded as low as $2.41 and last traded at $2.48, with a volume of 4,407,328 shares trading hands. The stock had previously closed at $2.61.
A number of equities research analysts have issued reports on the company. Royal Bank Of Canada raised their target price on Eclipse Resources Corp. from $2.50 to $3.00 and gave the company an “outperform” rating in a research note on Monday, May 9th. Barclays PLC raised their target price on Eclipse Resources Corp. from $1.50 to $2.00 and gave the company an “equal weight” rating in a research note on Monday, May 9th. Zacks Investment Research upgraded Eclipse Resources Corp. from a “hold” rating to a “buy” rating and set a $4.25 target price on the stock in a research note on Wednesday, June 15th. Johnson Rice upgraded Eclipse Resources Corp. from a “hold” rating to an “accumulate” rating in a research note on Friday, June 10th. Finally, BMO Capital Markets reiterated a “hold” rating on shares of Eclipse Resources Corp. in a research note on Tuesday, May 10th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $2.82.
The company’s market capitalization is $552.87 million. The firm’s 50-day moving average price is $3.39 and its 200-day moving average price is $1.97.
Eclipse Resources Corp. (NYSE:ECR) last posted its quarterly earnings data on Wednesday, May 4th. The company reported ($0.18) earnings per share for the quarter, hitting the consensus estimate of ($0.18). During the same period in the prior year, the company earned ($0.17) earnings per share. The firm had revenue of $49.60 million for the quarter, compared to analyst estimates of $52.14 million. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. Equities research analysts expect that Eclipse Resources Corp. will post ($0.30) earnings per share for the current fiscal 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.
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