Eclipse Resources Corporation (NYSE:ECR)‘s stock had its “buy” rating restated by analysts at Stifel Nicolaus in a research note issued to investors on Thursday. They currently have a $4.00 target price on the energy producer’s stock. Stifel Nicolaus’ price target suggests a potential upside of 68.78% from the company’s previous close.

A number of other equities research analysts also recently commented on the company. Goldman Sachs Group, Inc. (The) downgraded Eclipse Resources Corporation from a “neutral” rating to a “sell” rating and reduced their target price for the company from $2.25 to $1.50 in a research report on Friday, September 8th. Barclays PLC lifted their target price on Eclipse Resources Corporation from $2.50 to $3.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 8th. BMO Capital Markets restated a “hold” rating and issued a $3.00 target price on shares of Eclipse Resources Corporation in a research report on Friday, August 4th. Scotiabank set a $4.00 target price on Eclipse Resources Corporation and gave the company a “hold” rating in a research report on Thursday, August 3rd. Finally, BidaskClub upgraded Eclipse Resources Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $3.24.

Eclipse Resources Corporation (NYSE ECR) opened at 2.37 on Thursday. The company’s market cap is $622.69 million. The firm has a 50-day moving average price of $2.38 and a 200 day moving average price of $2.40. Eclipse Resources Corporation has a 12 month low of $1.60 and a 12 month high of $3.66.

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In other news, COO Oleg E. Tolmachev sold 20,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $2.57, for a total transaction of $51,400.00. Following the completion of the transaction, the chief operating officer now directly owns 423,920 shares of the company’s stock, valued at approximately $1,089,474.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in ECR. Voya Investment Management LLC boosted its position in shares of Eclipse Resources Corporation by 83.3% in the 2nd quarter. Voya Investment Management LLC now owns 38,699 shares of the energy producer’s stock valued at $111,000 after purchasing an additional 17,591 shares during the period. Engineers Gate Manager LP acquired a new stake in shares of Eclipse Resources Corporation in the 1st quarter valued at about $136,000. UBS Asset Management Americas Inc. boosted its position in shares of Eclipse Resources Corporation by 99.3% in the 1st quarter. UBS Asset Management Americas Inc. now owns 57,000 shares of the energy producer’s stock valued at $145,000 after purchasing an additional 28,400 shares during the period. New York State Common Retirement Fund boosted its position in shares of Eclipse Resources Corporation by 27.5% in the 2nd quarter. New York State Common Retirement Fund now owns 56,100 shares of the energy producer’s stock valued at $160,000 after purchasing an additional 12,099 shares during the period. Finally, Virtu KCG Holdings LLC boosted its position in shares of Eclipse Resources Corporation by 474.2% in the 2nd quarter. Virtu KCG Holdings LLC now owns 64,394 shares of the energy producer’s stock valued at $184,000 after purchasing an additional 53,179 shares during the period. 93.66% of the stock is owned by hedge funds and other institutional investors.

About Eclipse Resources Corporation

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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