Royal Bank Of Canada reiterated their buy rating on shares of Eclipse Resources Corporation (NYSE:ECR) in a research report released on Friday. The brokerage currently has a $3.50 price objective on the energy producer’s stock.

A number of other research analysts also recently commented on the stock. Stifel Nicolaus reissued a buy rating and issued a $4.00 price objective on shares of Eclipse Resources Corporation in a research report on Thursday, September 14th. Goldman Sachs Group, Inc. (The) downgraded shares of Eclipse Resources Corporation from a neutral rating to a sell rating and decreased their price objective for the company from $2.25 to $1.50 in a research report on Friday, September 8th. Barclays PLC lifted their price objective on shares of 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 reissued a hold rating and issued a $3.00 price objective on shares of Eclipse Resources Corporation in a research report on Friday, August 4th. Finally, Scotiabank set a $4.00 price objective on shares of Eclipse Resources Corporation and gave the company a hold rating in a research report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. Eclipse Resources Corporation currently has a consensus rating of Hold and an average price target of $3.24.

Eclipse Resources Corporation (NYSE ECR) opened at 2.40 on Friday. Eclipse Resources Corporation has a 12 month low of $1.60 and a 12 month high of $3.66. The firm’s market cap is $630.57 million. The stock’s 50 day moving average is $2.37 and its 200-day moving average is $2.40.

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In related news, COO Oleg E. Tolmachev sold 20,000 shares of Eclipse Resources Corporation stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $2.57, for a total transaction of $51,400.00. Following the completion of the sale, the chief operating officer now owns 423,920 shares of the company’s stock, valued at approximately $1,089,474.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Voya Investment Management LLC raised its stake in 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 worth $111,000 after purchasing an additional 17,591 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in Eclipse Resources Corporation in the 1st quarter worth about $136,000. UBS Asset Management Americas Inc. raised its stake in 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 worth $145,000 after purchasing an additional 28,400 shares in the last quarter. New York State Common Retirement Fund raised its stake in 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 worth $160,000 after purchasing an additional 12,099 shares in the last quarter. Finally, Virtu KCG Holdings LLC raised its stake in 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 worth $184,000 after purchasing an additional 53,179 shares in the last quarter. Institutional investors and hedge funds own 93.66% of the company’s stock.

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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