News stories about Eclipse Resources (NYSE:ECR) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Eclipse Resources earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave media headlines about the energy producer an impact score of 45.6980679264416 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
NYSE ECR traded down $0.10 on Friday, reaching $1.29. The company’s stock had a trading volume of 1,252,630 shares, compared to its average volume of 1,041,061. The stock has a market cap of $419.46, a P/E ratio of -32.25 and a beta of 2.84. Eclipse Resources has a 52 week low of $1.25 and a 52 week high of $3.10. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.86.
Eclipse Resources (NYSE:ECR) last posted its earnings results on Wednesday, February 28th. The energy producer reported $0.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.03. The business had revenue of $104.06 million for the quarter, compared to analysts’ expectations of $101.37 million. Eclipse Resources had a net margin of 2.22% and a negative return on equity of 1.34%. The firm’s revenue for the quarter was up 22.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.02) earnings per share. research analysts anticipate that Eclipse Resources will post -0.09 earnings per share for the current year.
Several research analysts have recently issued reports on ECR shares. Zacks Investment Research downgraded shares of Eclipse Resources from a “hold” rating to a “sell” rating in a report on Friday, March 9th. Johnson Rice upgraded shares of Eclipse Resources from an “accumulate” rating to a “buy” rating in a report on Monday, December 11th. KeyCorp set a $3.00 price objective on shares of Eclipse Resources and gave the stock a “buy” rating in a report on Wednesday, February 28th. Seaport Global Securities raised shares of Eclipse Resources from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 19th. Finally, Scotiabank set a $4.00 target price on shares of Eclipse Resources and gave the company a “hold” rating in a research note on Tuesday, December 12th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $3.23.
In other news, major shareholder Encap Energy Capital Fund Viii acquired 37,823,596 shares of the firm’s stock in a transaction on Thursday, January 18th. The shares were purchased at an average cost of $2.44 per share, with a total value of $92,289,574.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Oleg E. Tolmachev sold 50,000 shares of the company’s stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $1.62, for a total transaction of $81,000.00. Following the sale, the chief operating officer now directly owns 594,051 shares in the company, valued at $962,362.62. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.
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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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