Brokerages expect that Eclipse Resources Corp (NYSE:ECR) will announce sales of $102.74 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Eclipse Resources’ earnings. The lowest sales estimate is $100.20 million and the highest is $105.27 million. Eclipse Resources reported sales of $101.86 million in the same quarter last year, which indicates a positive year over year growth rate of 0.9%. The business is expected to announce its next earnings results on Thursday, May 3rd.
According to Zacks, analysts expect that Eclipse Resources will report full-year sales of $102.74 million for the current financial year, with estimates ranging from $436.68 million to $451.80 million. For the next financial year, analysts expect that the firm will report sales of $574.25 million per share, with estimates ranging from $553.06 million to $595.43 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Eclipse Resources.
Eclipse Resources (NYSE:ECR) last released its earnings results on Wednesday, February 28th. The energy producer reported $0.02 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.03. The company had revenue of $104.06 million during 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 revenue for the quarter was up 22.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.02) EPS.
Eclipse Resources (ECR) traded down $0.03 on Thursday, hitting $1.60. The stock had a trading volume of 597,701 shares, compared to its average volume of 800,755. The stock has a market cap of $412.79, a PE ratio of 53.33 and a beta of 2.86. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.86. Eclipse Resources has a 52 week low of $1.54 and a 52 week high of $3.10.
In other Eclipse Resources news, COO Oleg E. Tolmachev sold 50,000 shares of Eclipse Resources stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $1.62, for a total value of $81,000.00. Following the completion of the sale, the chief operating officer now owns 594,051 shares of the company’s stock, valued at approximately $962,362.62. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Encap Energy Capital Fund Viii bought 37,823,596 shares of Eclipse Resources stock in a transaction on Thursday, January 18th. The stock was acquired at an average cost of $2.44 per share, with a total value of $92,289,574.24. The disclosure for this purchase can be found here. 1.00% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. increased its holdings in shares of Eclipse Resources by 5.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 155,204 shares of the energy producer’s stock worth $444,000 after purchasing an additional 7,489 shares in the last quarter. New York State Common Retirement Fund increased its holdings in shares of Eclipse Resources by 27.5% in the 2nd quarter. New York State Common Retirement Fund now owns 56,100 shares of the energy producer’s stock worth $160,000 after purchasing an additional 12,099 shares in the last quarter. Voya Investment Management LLC increased its holdings in shares of Eclipse Resources by 83.3% in the 2nd quarter. Voya Investment Management LLC now owns 38,699 shares of the energy producer’s stock worth $111,000 after purchasing an additional 17,591 shares in the last quarter. GSA Capital Partners LLP increased its holdings in shares of Eclipse Resources by 120.5% in the 3rd quarter. GSA Capital Partners LLP now owns 45,304 shares of the energy producer’s stock worth $113,000 after purchasing an additional 24,754 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Eclipse Resources by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 763,891 shares of the energy producer’s stock worth $1,833,000 after purchasing an additional 31,091 shares in the last quarter. 80.68% of the stock is owned by institutional investors and hedge funds.
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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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