Scotiabank reaffirmed their hold rating on shares of Eclipse Resources Corporation (NYSE:ECR) in a research report released on Friday, November 10th. They currently have a $3.00 target price on the energy producer’s stock.
Several other analysts have also recently commented on the stock. Goldman Sachs Group, Inc. (The) cut shares of Eclipse Resources Corporation from a neutral rating to a sell rating and dropped their target price for the company from $2.25 to $1.50 in a research report on Friday, September 8th. Stifel Nicolaus reiterated a buy rating and set a $4.00 target price on shares of Eclipse Resources Corporation in a research report on Thursday, September 14th. Royal Bank Of Canada reiterated a buy rating and set a $3.50 target price on shares of Eclipse Resources Corporation in a research report on Friday, September 15th. BidaskClub cut shares of Eclipse Resources Corporation from a hold rating to a sell rating in a research report on Tuesday, July 25th. Finally, KeyCorp set a $3.00 price target on shares of Eclipse Resources Corporation and gave the company a buy rating in a report on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $2.87.
Eclipse Resources Corporation (NYSE ECR) opened at $2.67 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.85. Eclipse Resources Corporation has a 1 year low of $1.60 and a 1 year high of $3.32.
Eclipse Resources Corporation (NYSE:ECR) last posted its quarterly earnings data on Wednesday, November 8th. The energy producer reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.02. The firm had revenue of $91.55 million during the quarter, compared to analysts’ expectations of $90.67 million. Eclipse Resources Corporation had a negative net margin of 11.46% and a negative return on equity of 3.00%. Eclipse Resources Corporation’s revenue was up 68.4% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.10) EPS. sell-side analysts expect that Eclipse Resources Corporation will post -0.07 EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Voya Investment Management LLC boosted its stake in Eclipse Resources Corporation 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 during the period. Macquarie Group Ltd. acquired a new position in Eclipse Resources Corporation in the 3rd quarter worth $101,000. GSA Capital Partners LLP boosted its stake in Eclipse Resources Corporation 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 during the period. New York State Common Retirement Fund boosted 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 during the period. Finally, UBS Asset Management Americas Inc. boosted its stake in Eclipse Resources Corporation by 99.3% in the 1st quarter. UBS Asset Management Americas Inc. now owns 57,000 shares of the energy producer’s stock worth $145,000 after purchasing an additional 28,400 shares during the period. 94.34% of the stock is 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.
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