Eclipse Resources Corporation (NYSE:ECR) Given a $3.00 Price Target at KeyCorp

KeyCorp set a $3.00 target price on Eclipse Resources Corporation (NYSE:ECR) in a research report released on Thursday, October 19th. The firm currently has a buy rating on the energy producer’s stock.

A number of other research firms also recently commented on ECR. Goldman Sachs Group, Inc. (The) downgraded shares of Eclipse Resources Corporation from a neutral rating to a sell rating and decreased their price objective for the stock from $2.25 to $1.50 in a report on Friday, September 8th. Scotiabank set a $4.00 price objective on shares of Eclipse Resources Corporation and gave the stock a hold rating in a report on Thursday, August 3rd. BMO Capital Markets set a $3.00 price objective on shares of Eclipse Resources Corporation and gave the stock a hold rating in a report on Tuesday, October 10th. BidaskClub cut Eclipse Resources Corporation from a hold rating to a sell rating in a research note on Tuesday, July 25th. Finally, Stifel Nicolaus set a $5.00 target price on Eclipse Resources Corporation and gave the company a buy rating in a research note on Thursday, October 5th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $2.96.

Shares of Eclipse Resources Corporation (NYSE:ECR) opened at 2.26 on Thursday. Eclipse Resources Corporation has a 1-year low of $1.60 and a 1-year high of $3.32. The stock has a 50 day moving average of $2.39 and a 200-day moving average of $2.41. The firm’s market cap is $593.79 million.

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In other Eclipse Resources Corporation news, COO Oleg E. Tolmachev sold 20,000 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $2.57, for a total value of $51,400.00. Following the sale, the chief operating officer now directly owns 423,920 shares in the company, valued at $1,089,474.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in Eclipse Resources Corporation by 0.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 762,388 shares of the energy producer’s stock worth $2,180,000 after purchasing an additional 5,338 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Eclipse Resources Corporation 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 stake in Eclipse Resources Corporation 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. Geode Capital Management LLC increased its stake in Eclipse Resources Corporation by 2.2% in the 1st quarter. Geode Capital Management LLC now owns 645,200 shares of the energy producer’s stock worth $1,638,000 after purchasing an additional 13,743 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in Eclipse Resources Corporation by 6.7% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 271,160 shares of the energy producer’s stock worth $689,000 after purchasing an additional 17,100 shares in the last quarter. 93.68% of the stock is currently owned by hedge funds and other institutional investors.

About Eclipse Resources Corporation

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 Corporation (NYSE:ECR)

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