Eclipse Resources Corp. (ECR) Shares Down 1.9%
Eclipse Resources Corp. (NYSE:ECR) was down 1.9% during mid-day trading on Friday . The stock traded as low as $3.60 and last traded at $3.63, with a volume of 841,650 shares traded. The stock had previously closed at $3.70.
Several equities research analysts have recently issued reports on ECR shares. Johnson Rice raised shares of Eclipse Resources Corp. from a “hold” rating to an “accumulate” rating in a research report on Friday, June 10th. Zacks Investment Research raised shares of Eclipse Resources Corp. from a “hold” rating to a “buy” rating and set a $4.25 price objective for the company in a research report on Wednesday, June 15th. Seaport Global Securities raised shares of Eclipse Resources Corp. from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $1.25 to $4.25 in a research report on Tuesday, June 7th. Barclays PLC increased their price objective on shares of Eclipse Resources Corp. from $1.50 to $2.00 and gave the stock an “equal weight” rating in a research report on Monday, May 9th. Finally, BMO Capital Markets reissued a “hold” rating on shares of Eclipse Resources Corp. in a research report on Tuesday, May 10th. Eleven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $3.00.
The company’s 50 day moving average price is $3.04 and its 200 day moving average price is $2.31. The stock’s market capitalization is $943.34 million.
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. The firm had revenue of $47.10 million for the quarter, compared to analysts’ expectations of $51.49 million. During the same quarter in the prior year, the business earned ($0.19) EPS. The business’s revenue for the quarter was down 36.8% on a year-over-year basis. On average, equities analysts expect that Eclipse Resources Corp. will post ($0.25) 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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