Brokerages expect Eclipse Resources Corp (NYSE:ECR) to post sales of $98.50 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Eclipse Resources’ earnings. The highest sales estimate is $99.75 million and the lowest is $97.25 million. Eclipse Resources posted sales of $83.88 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 17.4%. The business is scheduled to issue its next quarterly earnings report on Tuesday, February 27th.

According to Zacks, analysts expect that Eclipse Resources will report full-year sales of $98.50 million for the current financial year, with estimates ranging from $368.33 million to $378.10 million. For the next financial year, analysts expect that the company will report sales of $450.37 million per share, with estimates ranging from $438.80 million to $460.50 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Eclipse Resources.

Several research firms have commented on ECR. Scotiabank restated a “hold” rating and issued a $3.00 price target on shares of Eclipse Resources in a report on Friday, November 10th. Capital One Financial restated an “equal weight” rating on shares of Eclipse Resources in a report on Thursday, November 9th. Barclays set a $2.50 price target on Eclipse Resources and gave the company a “hold” rating in a report on Wednesday, October 11th. BMO Capital Markets set a $3.00 price target on Eclipse Resources and gave the company a “hold” rating in a report on Tuesday, October 10th. Finally, Zacks Investment Research cut Eclipse Resources from a “strong-buy” rating to a “hold” rating in a report on Friday, October 13th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. Eclipse Resources presently has a consensus rating of “Hold” and an average target price of $3.23.

Eclipse Resources (NYSE ECR) traded down $0.06 during trading on Friday, reaching $1.95. The company had a trading volume of 944,938 shares, compared to its average volume of 718,934. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.85. The stock has a market cap of $525.48, a PE ratio of -13.00 and a beta of 2.76. Eclipse Resources has a 1 year low of $1.60 and a 1 year high of $3.10.

In other news, major shareholder Encap Energy Capital Fund Viii bought 37,823,596 shares of the firm’s stock in a transaction dated Thursday, January 18th. The stock was acquired at an average price of $2.44 per share, for a total transaction of $92,289,574.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.00% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in shares of Eclipse Resources by 51.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,037,907 shares of the energy producer’s stock worth $8,690,000 after purchasing an additional 1,028,904 shares during the period. State Street Corp grew its holdings in shares of Eclipse Resources by 46.6% during the 2nd quarter. State Street Corp now owns 1,253,137 shares of the energy producer’s stock worth $3,583,000 after purchasing an additional 398,046 shares during the period. Northern Trust Corp grew its holdings in shares of Eclipse Resources by 31.8% during the 2nd quarter. Northern Trust Corp now owns 1,068,926 shares of the energy producer’s stock worth $3,058,000 after purchasing an additional 258,185 shares during the period. Vanguard Group Inc. grew its holdings in shares of Eclipse Resources by 7.1% during the 2nd quarter. Vanguard Group Inc. now owns 5,318,834 shares of the energy producer’s stock worth $15,212,000 after purchasing an additional 354,229 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its position in Eclipse Resources by 28.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 349,360 shares of the energy producer’s stock worth $1,000,000 after acquiring an additional 78,200 shares in the last quarter. Institutional investors and hedge funds own 92.47% of the company’s stock.

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Eclipse Resources 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.

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