Seaport Global Securities upgraded shares of Eclipse Resources (NYSE:ECR) from a neutral rating to a buy rating in a research note issued to investors on Tuesday, December 19th, MarketBeat reports. Seaport Global Securities also issued estimates for Eclipse Resources’ Q4 2018 earnings at $0.03 EPS.
A number of other research firms have also recently commented on ECR. Johnson Rice upgraded Eclipse Resources from an accumulate rating to a buy rating in a research report on Monday, December 11th. Goldman Sachs Group cut Eclipse Resources from a neutral rating to a sell rating and dropped their price target for the company from $2.25 to $1.50 in a research report on Friday, September 8th. BMO Capital Markets set a $3.00 price target on Eclipse Resources and gave the company a hold rating in a research report on Tuesday, October 10th. Stifel Nicolaus set a $5.00 price target on Eclipse Resources and gave the company a buy rating in a research report on Thursday, October 5th. Finally, Scotiabank restated a hold rating and issued a $3.00 price target on shares of Eclipse Resources in a research report on Friday, November 10th. Two analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $2.96.
Eclipse Resources (NYSE ECR) traded up $0.01 on Tuesday, hitting $2.55. The stock had a trading volume of 257,026 shares, compared to its average volume of 502,745. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.62 and a quick ratio of 0.62. Eclipse Resources has a twelve month low of $1.60 and a twelve month high of $3.10. The firm has a market capitalization of $667.36, a PE ratio of -17.00 and a beta of 3.06.
Eclipse Resources (NYSE:ECR) last posted its earnings results on Wednesday, November 8th. The energy producer reported ($0.02) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.02. Eclipse Resources had a negative return on equity of 3.00% and a negative net margin of 11.46%. The business had revenue of $91.55 million for the quarter, compared to analysts’ expectations of $90.67 million. During the same quarter in the previous year, the firm earned ($0.10) earnings per share. The business’s revenue was up 68.4% compared to the same quarter last year. equities research analysts forecast that Eclipse Resources will post -0.07 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sanders Morris Harris LLC increased its position in Eclipse Resources by 3.3% during the 3rd quarter. Sanders Morris Harris LLC now owns 5,321,705 shares of the energy producer’s stock worth $13,304,000 after purchasing an additional 172,000 shares during the period. Vanguard Group Inc. increased its position in 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. Dimensional Fund Advisors LP increased its position in Eclipse Resources by 31.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,987,793 shares of the energy producer’s stock worth $9,970,000 after purchasing an additional 949,886 shares during the period. Boston Partners increased its position in Eclipse Resources by 21.0% during the 3rd quarter. Boston Partners now owns 2,895,330 shares of the energy producer’s stock worth $7,239,000 after purchasing an additional 501,660 shares during the period. Finally, Russell Investments Group Ltd. increased its position in Eclipse Resources by 47.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,497,129 shares of the energy producer’s stock worth $3,743,000 after purchasing an additional 485,162 shares during the period. Institutional investors own 92.50% of the company’s stock.
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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