Eclipse Resources Corp. (ECR) Shares Up 5%
Eclipse Resources Corp. (NYSE:ECR) shot up 5% during mid-day trading on Thursday . The company traded as high as $3.41 and last traded at $3.37, with a volume of 1,021,351 shares trading hands. The stock had previously closed at $3.21.
A number of research firms have issued reports on ECR. Royal Bank Of Canada boosted 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 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 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 objective for the company 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 research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $2.91.
The stock has a 50 day moving average of $3.20 and a 200 day moving average of $2.12. The stock’s market cap is $751.82 million.
Eclipse Resources Corp. (NYSE:ECR) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by $0.25. The firm earned $47.10 million during the quarter, compared to analysts’ expectations of $51.49 million. During the same period last year, the firm posted ($0.19) EPS. The firm’s revenue was down 36.8% on a year-over-year basis. Equities analysts predict that Eclipse Resources Corp. will post ($0.27) 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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