Eclipse Resources Corp (NYSE:ECR) – Investment analysts at KeyCorp decreased their FY2018 earnings per share (EPS) estimates for shares of Eclipse Resources in a report issued on Monday. KeyCorp analyst D. Deckelbaum now expects that the energy producer will post earnings per share of ($0.08) for the year, down from their previous forecast of $0.03. KeyCorp has a “Buy” rating and a $3.00 price objective on the stock.
Eclipse Resources (NYSE:ECR) last issued its quarterly earnings data on Wednesday, February 28th. The energy producer reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. The business had revenue of $104.06 million for the quarter, compared to analysts’ expectations of $101.37 million. Eclipse Resources had a negative return on equity of 1.34% and a net margin of 2.22%. The firm’s quarterly revenue was up 22.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.02) EPS.
Eclipse Resources (NYSE:ECR) opened at $1.66 on Thursday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.72 and a quick ratio of 0.62. Eclipse Resources has a one year low of $1.54 and a one year high of $3.10.
Several institutional investors have recently made changes to their positions in ECR. Dimensional Fund Advisors LP increased its position 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 valued at $8,690,000 after purchasing an additional 1,028,904 shares during the last quarter. Boston Partners grew 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 acquiring an additional 501,660 shares during the last quarter. Russell Investments Group Ltd. grew 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 acquiring an additional 485,162 shares during the last quarter. Renaissance Technologies LLC grew its position in Eclipse Resources by 26.3% during the 4th quarter. Renaissance Technologies LLC now owns 2,098,701 shares of the energy producer’s stock worth $5,037,000 after acquiring an additional 437,400 shares during the last quarter. Finally, State Street Corp grew its position in 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 acquiring an additional 398,046 shares during the last quarter. Hedge funds and other institutional investors own 92.66% of the company’s stock.
In other news, major shareholder Encap Energy Capital Fund Viii acquired 37,823,596 shares of Eclipse Resources stock in a transaction dated Thursday, January 18th. The shares were purchased at an average cost of $2.44 per share, for a total transaction of $92,289,574.24. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Oleg E. Tolmachev sold 50,000 shares of the stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $1.62, for a total value of $81,000.00. Following the transaction, the chief operating officer now owns 594,051 shares in the company, valued at $962,362.62. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.
About Eclipse Resources
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.
Receive News & Ratings for Eclipse Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eclipse Resources and related companies with MarketBeat.com's FREE daily email newsletter.