Eclipse Resources Corp. (ECR) Stock Price Up 8.1%
Eclipse Resources Corp. (NYSE:ECR)’s share price rose 8.1% during mid-day trading on Tuesday . The stock traded as high as $2.75 and last traded at $2.68, with a volume of 1,968,087 shares changing hands. The stock had previously closed at $2.48.
ECR has been the topic of several recent analyst reports. Royal Bank Of Canada restated an “outperform” rating and issued a $2.50 target price on shares of Eclipse Resources Corp. in a report on Friday, March 18th. Goldman Sachs Group Inc. upped their price objective on shares of Eclipse Resources Corp. from $1.25 to $1.50 and gave the company a “neutral” rating in a report on Tuesday, March 29th. Johnson Rice lowered shares of Eclipse Resources Corp. from a “buy” rating to a “hold” rating in a report on Monday, April 18th. Barclays PLC upped their price objective 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. Finally, Topeka Capital Markets upped their price objective on shares of Eclipse Resources Corp. from $1.50 to $3.00 and gave the company a “hold” rating in a report on Tuesday, May 10th. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $2.82.
The firm has a 50 day moving average price of $3.39 and a 200-day moving average price of $1.98. The firm’s market cap is $577.39 million.
Eclipse Resources Corp. (NYSE:ECR) last announced its quarterly earnings results on Wednesday, May 4th. The company reported ($0.18) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.18). The firm earned $49.60 million during the quarter, compared to the consensus estimate of $52.14 million. During the same period last year, the business earned ($0.17) EPS. Eclipse Resources Corp.’s revenue was up 13.2% on a year-over-year basis. Equities research analysts expect that Eclipse Resources Corp. will post ($0.26) 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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