Eclipse Resources Corp (ECR) Receives Average Recommendation of “Buy” from Brokerages

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Shares of Eclipse Resources Corp (NYSE:ECR) have received a consensus recommendation of “Buy” from the ten analysts that are covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $2.28.

A number of equities analysts recently commented on ECR shares. Zacks Investment Research downgraded Eclipse Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 8th. KLR Group restated a “buy” rating and set a $2.00 target price on shares of Eclipse Resources in a report on Monday, August 20th. Capital One Financial upgraded Eclipse Resources from an “equal weight” rating to an “overweight” rating in a report on Tuesday, August 28th. Stifel Nicolaus decreased their target price on Eclipse Resources from $1.70 to $1.40 and set a “hold” rating for the company in a report on Friday, August 31st. Finally, Goldman Sachs Group upgraded Eclipse Resources from a “sell” rating to a “neutral” rating and set a $2.00 target price for the company in a report on Tuesday, September 11th.

ECR stock traded up $0.06 during midday trading on Monday, hitting $1.30. The company had a trading volume of 2,309,969 shares, compared to its average volume of 1,038,805. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.78 and a current ratio of 0.78. Eclipse Resources has a 52 week low of $0.99 and a 52 week high of $2.79. The company has a market capitalization of $390.27 million, a P/E ratio of -32.50 and a beta of 2.45.

Eclipse Resources (NYSE:ECR) last announced its quarterly earnings data on Wednesday, October 31st. The energy producer reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.06. Eclipse Resources had a positive return on equity of 3.24% and a negative net margin of 6.87%. The firm had revenue of $130.12 million during the quarter, compared to the consensus estimate of $113.12 million. As a group, equities analysts predict that Eclipse Resources will post -0.02 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Signaturefd LLC bought a new position in Eclipse Resources in the second quarter worth $160,000. Cubist Systematic Strategies LLC raised its holdings in Eclipse Resources by 485.8% in the first quarter. Cubist Systematic Strategies LLC now owns 142,694 shares of the energy producer’s stock worth $205,000 after purchasing an additional 118,337 shares in the last quarter. Chicago Partners Investment Group LLC raised its holdings in Eclipse Resources by 89.3% in the second quarter. Chicago Partners Investment Group LLC now owns 147,015 shares of the energy producer’s stock worth $235,000 after purchasing an additional 69,364 shares in the last quarter. Millennium Management LLC raised its holdings in Eclipse Resources by 552.0% in the first quarter. Millennium Management LLC now owns 200,718 shares of the energy producer’s stock worth $289,000 after purchasing an additional 169,932 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in Eclipse Resources by 24.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 462,087 shares of the energy producer’s stock worth $740,000 after purchasing an additional 91,767 shares in the last quarter. Institutional investors and hedge funds own 79.25% of the company’s stock.

Eclipse Resources Company Profile

Eclipse Resources Corporation, an independent exploration and production company, acquires and develops oil and natural gas properties in the Appalachian Basin. The company holds interests in the Utica Shale and Marcellus Shale areas. As of December 31, 2017, it had an acreage position approximately covering an area of 203,000 net acres in Eastern Ohio.

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Analyst Recommendations for Eclipse Resources (NYSE:ECR)

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