Eclipse Resources Corp. (ECR) Shares Up 4.2%
Shares of Eclipse Resources Corp. (NYSE:ECR) shot up 4.2% during mid-day trading on Wednesday . The stock traded as high as $3.50 and last traded at $3.47, with a volume of 812,334 shares. The stock had previously closed at $3.33.
Several brokerages have recently issued reports on ECR. Piper Jaffray Cos. raised Eclipse Resources Corp. from an “underweight” rating to a “neutral” rating in a report on Tuesday. Simmons raised Eclipse Resources Corp. from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $3.00 to $4.00 in a report on Tuesday. Zacks Investment Research lowered Eclipse Resources Corp. from a “buy” rating to a “hold” rating in a report on Monday. Barclays PLC increased their price target on Eclipse Resources Corp. from $2.00 to $3.00 and gave the company an “equal weight” rating in a report on Thursday, July 14th. Finally, BMO Capital Markets restated a “hold” rating and set a $4.00 price target on shares of Eclipse Resources Corp. in a report on Tuesday, July 5th. Eleven analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Eclipse Resources Corp. currently has an average rating of “Hold” and an average price target of $3.00.
The stock’s market cap is $902.95 million. The stock has a 50-day moving average price of $3.09 and a 200-day moving average price of $2.20.
Eclipse Resources Corp. (NYSE:ECR) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.33) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.08) by $0.25. During the same quarter in the previous year, the company earned ($0.19) earnings per share. The firm earned $47.10 million during the quarter, compared to analysts’ expectations of $51.49 million. Eclipse Resources Corp.’s revenue was down 36.8% on a year-over-year basis. On average, analysts forecast that Eclipse Resources Corp. will post ($0.21) 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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