Scotiabank set a $4.00 target price on Eclipse Resources Corporation (NYSE:ECR) in a research note issued to investors on Thursday morning. The brokerage currently has a hold rating on the energy producer’s stock.

ECR has been the topic of a number of other reports. ValuEngine lowered shares of Eclipse Resources Corporation from a hold rating to a sell rating in a research note on Tuesday, August 1st. Barclays PLC reaffirmed an equal weight rating and issued a $2.50 price target (down from $3.00) on shares of Eclipse Resources Corporation in a research note on Saturday, April 22nd. Stifel Nicolaus reaffirmed a buy rating and issued a $5.00 price target (up from $4.00) on shares of Eclipse Resources Corporation in a research note on Monday, June 19th. KLR Group set a $4.00 price target on shares of Eclipse Resources Corporation and gave the company a buy rating in a research note on Wednesday, June 7th. Finally, BMO Capital Markets reaffirmed a hold rating and issued a $3.00 price target on shares of Eclipse Resources Corporation in a research note on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $3.60.

Shares of Eclipse Resources Corporation (NYSE ECR) opened at 2.68 on Thursday. The stock has a 50 day moving average price of $2.70 and a 200 day moving average price of $2.43. Eclipse Resources Corporation has a one year low of $1.60 and a one year high of $3.81. The company’s market capitalization is $704.14 million.

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In other news, COO Oleg E. Tolmachev sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $2.30, for a total transaction of $46,000.00. Following the completion of the sale, the chief operating officer now owns 443,920 shares in the company, valued at approximately $1,021,016. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Benjamin Ward Hulburt sold 75,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $2.50, for a total transaction of $187,500.00. Following the sale, the insider now owns 1,321,958 shares of the company’s stock, valued at approximately $3,304,895. The disclosure for this sale can be found here. In the last quarter, insiders sold 125,000 shares of company stock valued at $302,500. 1.10% of the stock is owned by insiders.

Several hedge funds have recently made changes to their positions in ECR. Kayne Anderson Capital Advisors LP increased its stake in shares of Eclipse Resources Corporation by 9.3% in the second quarter. Kayne Anderson Capital Advisors LP now owns 294,500 shares of the energy producer’s stock worth $841,000 after buying an additional 25,000 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Eclipse Resources Corporation by 30.8% in the second quarter. Bank of New York Mellon Corp now owns 513,416 shares of the energy producer’s stock worth $1,468,000 after buying an additional 120,918 shares in the last quarter. Rubric Capital Management LP increased its stake in shares of Eclipse Resources Corporation by 47.6% in the second quarter. Rubric Capital Management LP now owns 2,509,400 shares of the energy producer’s stock worth $7,177,000 after buying an additional 809,400 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Eclipse Resources Corporation by 60.5% in the second quarter. Rhumbline Advisers now owns 98,055 shares of the energy producer’s stock worth $280,000 after buying an additional 36,956 shares in the last quarter. Finally, National Planning Corp increased its stake in shares of Eclipse Resources Corporation by 1,641.7% in the second quarter. National Planning Corp now owns 418,000 shares of the energy producer’s stock worth $1,292,000 after buying an additional 394,000 shares in the last quarter. Institutional investors and hedge funds own 92.38% of the company’s stock.

Eclipse Resources Corporation Company Profile

Eclipse Resources Corporation 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 is the operator of the Utica Core Area and its Marcellus Project Area. The Ordovician-aged Utica Shale is an unconventional reservoir consisting of organic-rich black shale, with production occurring at vertical depths between 6,000 and 10,000 feet.

Analyst Recommendations for Eclipse Resources Corporation (NYSE:ECR)

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