According to Zacks, “Eclipse Resources Corporation is an independent exploration and production company. It is engaged in the acquisition and development of oil and natural gas properties in the Appalachian Basin. Eclipse Resources Corporation is headquartered in State College, Pennsylvania. “
Other equities research analysts have also issued reports about the company. Simmons raised 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 note on Tuesday, August 9th. Barclays PLC raised their price objective on Eclipse Resources Corp. from $2.00 to $3.00 and gave the company an equal weight rating in a research note on Thursday, July 14th. BMO Capital Markets reaffirmed a hold rating and issued a $4.00 price objective on shares of Eclipse Resources Corp. in a research note on Tuesday, July 5th. Piper Jaffray Cos. raised Eclipse Resources Corp. from an underweight rating to a neutral rating in a research note on Tuesday, August 9th. Finally, GMP Securities assumed coverage on Eclipse Resources Corp. in a research note on Wednesday, September 28th. They issued a buy rating and a $7.00 price objective for the company. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $3.29.
Shares of Eclipse Resources Corp. (NYSE:ECR) opened at 3.36 on Tuesday. The stock’s market capitalization is $875.59 million. Eclipse Resources Corp. has a 52 week low of $0.65 and a 52 week high of $4.42. The company has a 50-day moving average price of $3.38 and a 200 day moving average price of $2.97.
Eclipse Resources Corp. (NYSE:ECR) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by $0.25. The company earned $47.10 million during 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 for the quarter was down 36.8% on a year-over-year basis. During the same period in the previous year, the business earned ($0.19) earnings per share. Equities analysts forecast that Eclipse Resources Corp. will post ($0.26) EPS for the current fiscal year.
In related news, insider Benjamin Ward Hulburt sold 58,979 shares of the firm’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $3.59, for a total transaction of $211,734.61. Following the completion of the sale, the insider now directly owns 834,772 shares of the company’s stock, valued at approximately $2,996,831.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.13% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. Marshall Wace LLP purchased a new stake in shares of Eclipse Resources Corp. during the second quarter worth $7,810,000. UBS Oconnor LLC raised its stake in shares of Eclipse Resources Corp. by 673.9% in the second quarter. UBS Oconnor LLC now owns 2,606,638 shares of the company’s stock worth $8,706,000 after buying an additional 2,269,827 shares during the period. Encompass Capital Advisors LLC purchased a new stake in shares of Eclipse Resources Corp. during the second quarter worth $7,348,000. JPMorgan Chase & Co. raised its stake in shares of Eclipse Resources Corp. by 15,620.4% in the first quarter. JPMorgan Chase & Co. now owns 1,355,100 shares of the company’s stock worth $1,951,000 after buying an additional 1,346,480 shares during the period. Finally, BlackRock Advisors LLC raised its stake in shares of Eclipse Resources Corp. by 6,014.4% in the second quarter. BlackRock Advisors LLC now owns 1,305,119 shares of the company’s stock worth $4,359,000 after buying an additional 1,283,774 shares during the period. 32.93% of the stock is owned by institutional investors and hedge funds.
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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