Eclipse Resources Corp. (ECR) Shares Up 5.2%
Shares of Eclipse Resources Corp. (NYSE:ECR) shot up 5.2% on Friday . The stock traded as high as $3.06 and last traded at $3.04, with a volume of 1,852,853 shares traded. The stock had previously closed at $2.89.
Several research firms recently weighed in on ECR. Johnson Rice upgraded Eclipse Resources Corp. from a “hold” rating to an “accumulate” rating in a research note on Friday, June 10th. 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. Seaport Global Securities upgraded Eclipse Resources Corp. from a “neutral” rating to a “buy” rating and increased their target price for the company from $1.25 to $4.25 in a research note on Tuesday, June 7th. BMO Capital Markets reiterated a “hold” rating and set a $4.00 target price on shares of Eclipse Resources Corp. in a research note on Tuesday, July 5th. Finally, Barclays PLC increased their target price 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. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $2.91.
The firm’s market cap is $702.24 million. The company’s 50 day moving average price is $3.29 and its 200-day moving average price is $2.06.
Eclipse Resources Corp. (NYSE:ECR) last announced its quarterly earnings data on Wednesday, May 4th. The company reported ($0.18) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.18). During the same period last year, the firm earned ($0.17) earnings per share. The company had revenue of $49.60 million for the quarter, compared to analysts’ expectations of $52.14 million. Eclipse Resources Corp.’s quarterly revenue was up 13.2% compared to the same quarter last year. Equities analysts predict that Eclipse Resources Corp. will post ($0.26) 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. The Company has assembled an acreage position approximating 221,700 net acres in Eastern Ohio.
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