Eclipse Resources Corp (NYSE:ECR) – Equities researchers at Capital One Financial upped their Q4 2017 earnings per share estimates for Eclipse Resources in a note issued to investors on Thursday, Zacks Investment Research reports. Capital One Financial analyst B. Velie now expects that the energy producer will post earnings per share of $0.00 for the quarter, up from their prior forecast of ($0.01). Capital One Financial has a “Equal Weight” rating on the stock. Capital One Financial also issued estimates for Eclipse Resources’ Q1 2018 earnings at $0.00 EPS, Q2 2018 earnings at $0.00 EPS, Q3 2018 earnings at $0.00 EPS, Q4 2018 earnings at $0.00 EPS and FY2018 earnings at $0.01 EPS.
Several other research analysts have also issued reports on ECR. KeyCorp set a $3.00 price target on Eclipse Resources and gave the stock a “buy” rating in a report on Thursday, October 19th. Johnson Rice upgraded Eclipse Resources from an “accumulate” rating to a “buy” rating in a report on Monday, December 11th. Seaport Global Securities upgraded Eclipse Resources from a “neutral” rating to a “buy” rating in a report on Tuesday, December 19th. Finally, Scotiabank set a $4.00 price target on Eclipse Resources and gave the stock a “hold” rating in a report on Tuesday, December 12th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $3.23.
Shares of Eclipse Resources (NYSE ECR) opened at $1.83 on Monday. Eclipse Resources has a 52-week low of $1.60 and a 52-week high of $3.10. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.62 and a current ratio of 0.62. The company has a market capitalization of $454.54, a PE ratio of -12.20 and a beta of 2.76.
Institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in shares of Eclipse Resources by 51.2% during the second quarter. Dimensional Fund Advisors LP now owns 3,037,907 shares of the energy producer’s stock valued at $8,690,000 after acquiring an additional 1,028,904 shares during the last quarter. State Street Corp increased its position in Eclipse Resources by 46.6% in the second quarter. State Street Corp now owns 1,253,137 shares of the energy producer’s stock worth $3,583,000 after buying an additional 398,046 shares during the last quarter. Northern Trust Corp increased its position in Eclipse Resources by 31.8% in the second quarter. Northern Trust Corp now owns 1,068,926 shares of the energy producer’s stock worth $3,058,000 after buying an additional 258,185 shares during the last quarter. Vanguard Group Inc. increased its position in Eclipse Resources by 7.1% in the second quarter. Vanguard Group Inc. now owns 5,318,834 shares of the energy producer’s stock worth $15,212,000 after buying an additional 354,229 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in Eclipse Resources by 28.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 349,360 shares of the energy producer’s stock worth $1,000,000 after buying an additional 78,200 shares during the last quarter. 92.53% of the stock is owned by institutional investors.
In related news, major shareholder Encap Energy Capital Fund Viii acquired 37,823,596 shares of the stock in a transaction dated Thursday, January 18th. The stock was purchased at an average cost of $2.44 per share, with a total value of $92,289,574.24. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.00% of the company’s stock.
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About Eclipse Resources
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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