Eclipse Resources Corp. (ECR) Shares Up 5.2%
Eclipse Resources Corp. (NYSE:ECR) shot up 5.2% on Friday . The company traded as high as $3.06 and last traded at $3.04, with a volume of 1,852,853 shares changing hands. The stock had previously closed at $2.89.
A number of research firms recently weighed in on ECR. Royal Bank Of Canada increased their price target 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 increased their price target 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 price target 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 restated a “hold” rating on shares of Eclipse Resources Corp. in a research note on Tuesday, May 10th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Eclipse Resources Corp. presently has a consensus rating of “Hold” and an average price target of $2.91.
The firm has a 50-day moving average of $3.27 and a 200-day moving average of $2.07. The stock’s market cap is $702.24 million.
Eclipse Resources Corp. (NYSE:ECR) last announced its earnings results on Wednesday, May 4th. The company reported ($0.18) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.18). The company had revenue of $49.60 million for the quarter, compared to analysts’ expectations of $52.14 million. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.17) EPS. On average, equities analysts forecast 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. The Company has assembled an acreage position approximating 221,700 net acres in Eastern Ohio.
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