Q4 2018 EPS Estimates for Eclipse Resources Corp Lifted by Seaport Global Securities (ECR)

Eclipse Resources Corp (NYSE:ECR) – Equities research analysts at Seaport Global Securities increased their Q4 2018 EPS estimates for Eclipse Resources in a research note issued to investors on Tuesday, Zacks Investment Research reports. Seaport Global Securities analyst M. Kelly now anticipates that the energy producer will post earnings per share of $0.03 for the quarter, up from their previous estimate of $0.02. Seaport Global Securities has a “Buy” rating on the stock.

Other equities research analysts have also recently issued reports about the stock. KeyCorp set a $3.00 price objective on shares of Eclipse Resources and gave the company a “buy” rating in a research report on Thursday, October 19th. Stifel Nicolaus set a $5.00 price objective on shares of Eclipse Resources and gave the company a “buy” rating in a research report on Thursday, October 5th. Zacks Investment Research raised shares of Eclipse Resources from a “hold” rating to a “buy” rating and set a $3.00 price objective for the company in a research report on Tuesday, October 3rd. Johnson Rice raised shares of Eclipse Resources from an “accumulate” rating to a “buy” rating in a research report on Monday, December 11th. Finally, Capital One Financial reissued an “equal weight” rating on shares of Eclipse Resources in a research report on Thursday, November 9th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $2.96.

Eclipse Resources (NYSE:ECR) opened at $2.55 on Friday. Eclipse Resources has a fifty-two week low of $1.60 and a fifty-two week high of $3.10. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.62 and a quick ratio of 0.62.

Eclipse Resources (NYSE:ECR) last issued its quarterly earnings results on Wednesday, November 8th. The energy producer reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.02. The company had revenue of $91.55 million for the quarter, compared to the consensus estimate of $90.67 million. Eclipse Resources had a negative net margin of 11.46% and a negative return on equity of 3.00%. The firm’s revenue was up 68.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.10) EPS.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Sanders Morris Harris LLC lifted its position in shares of Eclipse Resources by 3.3% in the 3rd quarter. Sanders Morris Harris LLC now owns 5,321,705 shares of the energy producer’s stock worth $13,304,000 after purchasing an additional 172,000 shares during the period. Vanguard Group Inc. lifted its position in shares of Eclipse Resources by 7.1% in the 2nd quarter. Vanguard Group Inc. now owns 5,318,834 shares of the energy producer’s stock worth $15,212,000 after purchasing an additional 354,229 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Eclipse Resources by 31.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,987,793 shares of the energy producer’s stock worth $9,970,000 after purchasing an additional 949,886 shares during the period. Boston Partners lifted its position in shares of Eclipse Resources by 21.0% in the 3rd quarter. Boston Partners now owns 2,895,330 shares of the energy producer’s stock worth $7,239,000 after purchasing an additional 501,660 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in shares of Eclipse Resources by 47.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,497,129 shares of the energy producer’s stock worth $3,743,000 after purchasing an additional 485,162 shares during the period. 92.50% of the stock is owned by hedge funds and other institutional investors.

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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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