Eclipse Resources Corp. (ECR) Trading 3.7% Higher
Shares of Eclipse Resources Corp. (NYSE:ECR) traded up 3.7% during trading on Monday . The stock traded as high as $3.41 and last traded at $3.35, with a volume of 984,100 shares changing hands. The stock had previously closed at $3.23.
A number of research firms recently issued reports on ECR. Royal Bank Of Canada raised their price objective on shares of Eclipse Resources Corp. from $2.50 to $3.00 and gave the stock an “outperform” rating in a report on Monday, May 9th. Simmons upgraded shares of Eclipse Resources Corp. from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $3.00 to $4.00 in a report on Tuesday, August 9th. Topeka Capital Markets raised their price objective on shares of Eclipse Resources Corp. from $1.50 to $3.00 and gave the stock a “hold” rating in a report on Tuesday, May 10th. Seaport Global Securities upgraded shares of Eclipse Resources Corp. from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $1.25 to $4.25 in a report on Tuesday, June 7th. Finally, Barclays PLC raised their price objective on shares of Eclipse Resources Corp. from $2.00 to $3.00 and gave the stock an “equal weight” rating in a report on Thursday, July 14th. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Eclipse Resources Corp. has a consensus rating of “Hold” and a consensus price target of $3.00.
The stock’s market capitalization is $872.98 million. The company’s 50-day moving average price is $3.23 and its 200-day moving average price is $2.48.
Eclipse Resources Corp. (NYSE:ECR) last announced 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 last year, the firm posted ($0.19) EPS. The company had revenue of $47.10 million for the quarter, compared to the consensus estimate of $51.49 million. Eclipse Resources Corp.’s quarterly revenue was down 36.8% compared to the same quarter last year. Equities research analysts predict that Eclipse Resources Corp. will post ($0.26) EPS for the current fiscal year.
In related news, insider Benjamin Ward Hulburt sold 58,979 shares of the company’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $3.59, for a total value of $211,734.61. Following the transaction, the insider now owns 834,772 shares in the company, valued at approximately $2,996,831.48. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
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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