Eclipse Resources Corp (ECR) Receives Average Rating of “Hold” from Analysts

Eclipse Resources Corp (NYSE:ECR) has been given an average recommendation of “Hold” by the fourteen brokerages that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $3.31.

A number of brokerages have issued reports on ECR. Scotiabank set a $4.00 target price on Eclipse Resources and gave the stock a “hold” rating in a research report on Tuesday, December 12th. KeyCorp set a $3.00 target price on Eclipse Resources and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Seaport Global Securities raised Eclipse Resources from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 19th. Johnson Rice raised Eclipse Resources from an “accumulate” rating to a “buy” rating in a research report on Monday, December 11th. Finally, Zacks Investment Research cut Eclipse Resources from a “hold” rating to a “sell” rating in a research report on Friday, March 9th.

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Shares of Eclipse Resources stock opened at $1.31 on Friday. The stock has a market capitalization of $395.32, a P/E ratio of 43.67 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 12-month low of $1.30 and a 12-month high of $3.10.

Eclipse Resources (NYSE:ECR) last announced its earnings results 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 firm 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 company’s revenue was up 22.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.02) earnings per share. equities analysts forecast that Eclipse Resources will post -0.08 EPS for the current fiscal year.

In related news, COO Oleg E. Tolmachev sold 50,000 shares of the company’s 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 transaction, the chief operating officer now directly owns 594,051 shares in the company, valued at $962,362.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Encap Energy Capital Fund Viii bought 37,823,596 shares of the business’s stock in a transaction that occurred on Thursday, January 18th. The stock was purchased at an average price of $2.44 per share, with a total value of $92,289,574.24. The disclosure for this purchase can be found here. 1.10% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in shares of Eclipse Resources by 31.3% in the third quarter. Dimensional Fund Advisors LP now owns 3,987,793 shares of the energy producer’s stock valued at $9,970,000 after purchasing an additional 949,886 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Eclipse Resources by 26.3% in the fourth quarter. Renaissance Technologies LLC now owns 2,098,701 shares of the energy producer’s stock valued at $5,037,000 after purchasing an additional 437,400 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Eclipse Resources by 47.9% in the third quarter. Russell Investments Group Ltd. now owns 1,497,129 shares of the energy producer’s stock valued at $3,743,000 after purchasing an additional 485,162 shares in the last quarter. State Street Corp raised its stake in shares of Eclipse Resources by 46.6% in the second quarter. State Street Corp now owns 1,253,137 shares of the energy producer’s stock valued at $3,583,000 after purchasing an additional 398,046 shares in the last quarter. Finally, Penn Capital Management Co. Inc. raised its stake in shares of Eclipse Resources by 12.9% in the fourth quarter. Penn Capital Management Co. Inc. now owns 1,227,618 shares of the energy producer’s stock valued at $2,946,000 after purchasing an additional 139,851 shares in the last quarter. Institutional investors and hedge funds own 80.65% of the company’s stock.

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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.

Analyst Recommendations for Eclipse Resources (NYSE:ECR)

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