Other equities analysts have also issued research reports about the stock. Johnson Rice raised shares of Eclipse Resources Corp. from a hold rating to an accumulate rating in a research report on Friday, June 10th. Simmons raised shares of Eclipse Resources Corp. from an underweight rating to a neutral rating and raised their price objective for the company from $3.00 to $4.00 in a research report on Tuesday, August 9th. Zacks Investment Research raised shares of Eclipse Resources Corp. from a hold rating to a buy rating and set a $4.25 price objective on the stock in a research report on Wednesday, June 15th. Seaport Global Securities raised shares of Eclipse Resources Corp. from a neutral rating to a buy rating and raised their price objective for the company from $1.25 to $4.25 in a research report on Tuesday, June 7th. Finally, Barclays PLC raised their price objective on shares of Eclipse Resources Corp. from $2.00 to $3.00 and gave the company an equal weight rating in a research report on Thursday, July 14th. Eleven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $3.31.
Eclipse Resources Corp. (NYSE:ECR) traded up 2.77% during mid-day trading on Wednesday, reaching $3.34. 247,218 shares of the company traded hands. Eclipse Resources Corp. has a 52-week low of $0.65 and a 52-week high of $4.42. The company’s market capitalization is $870.37 million. The stock has a 50 day moving average price of $3.42 and a 200-day moving average price of $2.80.
Eclipse Resources Corp. (NYSE:ECR) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.08) by $0.25. The business had revenue of $47.10 million for the quarter, compared to the consensus estimate of $51.49 million. Eclipse Resources Corp. had a negative net margin of 431.72% and a negative return on equity of 32.33%. Eclipse Resources Corp.’s revenue was down 36.8% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.19) EPS. Analysts expect that Eclipse Resources Corp. will post ($0.26) EPS for the current fiscal year.
In other news, insider Benjamin Ward Hulburt sold 58,979 shares of the firm’s stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $3.59, for a total value of $211,734.61. Following the sale, the insider now owns 834,772 shares in the company, valued at $2,996,831.48. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of the company. Metropolitan Life Insurance Co. NY acquired a new stake in Eclipse Resources Corp. during the second quarter worth $141,000. Renaissance Technologies LLC acquired a new stake in Eclipse Resources Corp. during the first quarter worth $156,000. Monashee Investment Management LLC acquired a new stake in Eclipse Resources Corp. during the second quarter worth $167,000. Geduld E E acquired a new stake in Eclipse Resources Corp. during the second quarter worth $167,000. Finally, KCG Holdings Inc. acquired a new stake in Eclipse Resources Corp. during the second quarter worth $170,000. Hedge funds and other institutional investors own 32.86% of the company’s stock.
About Eclipse Resources Corp.
Eclipse Resources Corporation (Eclipse) 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 has assembled an acreage position approximating 221,700 net acres in Eastern Ohio.
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