Shares of Eclipse Resources Corp (NYSE:ECR) have received an average rating of “Buy” from the ten research firms that are presently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $2.28.
Several brokerages have issued reports on ECR. Capital One Financial raised Eclipse Resources from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, August 28th. Zacks Investment Research raised Eclipse Resources from a “hold” rating to a “strong-buy” rating and set a $1.75 target price on the stock in a research report on Monday, August 20th. KLR Group reissued a “buy” rating and issued a $2.00 target price on shares of Eclipse Resources in a research report on Monday, August 20th. Goldman Sachs Group raised Eclipse Resources from a “sell” rating to a “neutral” rating and set a $2.00 target price on the stock in a research report on Tuesday, September 11th. Finally, Stifel Nicolaus dropped their target price on Eclipse Resources from $1.70 to $1.40 and set a “hold” rating on the stock in a research report on Friday, August 31st.
A number of large investors have recently made changes to their positions in ECR. Russell Investments Group Ltd. raised its stake in shares of Eclipse Resources by 40.1% in the third quarter. Russell Investments Group Ltd. now owns 3,846,312 shares of the energy producer’s stock worth $4,577,000 after buying an additional 1,101,503 shares during the period. Northern Trust Corp raised its stake in shares of Eclipse Resources by 6.2% in the second quarter. Northern Trust Corp now owns 1,106,289 shares of the energy producer’s stock worth $1,771,000 after buying an additional 64,874 shares during the period. Chicago Partners Investment Group LLC raised its stake in shares of Eclipse Resources by 89.3% in the second quarter. Chicago Partners Investment Group LLC now owns 147,015 shares of the energy producer’s stock worth $235,000 after buying an additional 69,364 shares during the period. Signaturefd LLC bought a new position in shares of Eclipse Resources in the second quarter worth about $160,000. Finally, Renaissance Technologies LLC raised its stake in shares of Eclipse Resources by 3.6% in the second quarter. Renaissance Technologies LLC now owns 2,849,501 shares of the energy producer’s stock worth $4,559,000 after buying an additional 100,287 shares during the period. 79.25% of the stock is currently owned by institutional investors and hedge funds.
Shares of Eclipse Resources stock traded up $0.06 during trading on Monday, hitting $1.30. 2,309,969 shares of the company’s stock traded hands, compared to its average volume of 1,038,805. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.78 and a quick ratio of 0.78. Eclipse Resources has a 1 year low of $0.99 and a 1 year high of $2.79. The stock has a market capitalization of $390.27 million, a PE ratio of -32.50 and a beta of 2.45.
Eclipse Resources (NYSE:ECR) last released its quarterly earnings data on Wednesday, October 31st. The energy producer reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.06. Eclipse Resources had a positive return on equity of 3.24% and a negative net margin of 6.87%. The company had revenue of $130.12 million for the quarter, compared to analysts’ expectations of $113.12 million. As a group, sell-side analysts expect that Eclipse Resources will post -0.02 EPS for the current fiscal year.
Eclipse Resources Company Profile
Eclipse Resources Corporation, an independent exploration and production company, acquires and develops oil and natural gas properties in the Appalachian Basin. The company holds interests in the Utica Shale and Marcellus Shale areas. As of December 31, 2017, it had an acreage position approximately covering an area of 203,000 net acres in Eastern Ohio.
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