Shares of Eclipse Resources (NYSE:ECR) have earned an average recommendation of “Hold” from the fourteen analysts that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $3.31.
A number of analysts recently issued reports on ECR shares. KeyCorp set a $3.00 price objective on Eclipse Resources and gave the company a “buy” rating in a research note on Wednesday, February 28th. Zacks Investment Research lowered Eclipse Resources from a “hold” rating to a “sell” rating in a research note on Friday, March 9th.
NYSE:ECR opened at $1.31 on Thursday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.72 and a current ratio of 0.72. Eclipse Resources has a 52-week low of $1.25 and a 52-week high of $3.10. The firm has a market cap of $392.30, a P/E ratio of -32.75 and a beta of 2.84.
Eclipse Resources (NYSE:ECR) last released its quarterly earnings data on Wednesday, February 28th. The energy producer reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. Eclipse Resources had a negative return on equity of 1.34% and a net margin of 2.22%. The company had revenue of $104.06 million for the quarter, compared to analyst estimates of $101.37 million. During the same period in the previous year, the company posted ($0.02) EPS. The firm’s revenue for the quarter was up 22.3% compared to the same quarter last year. research analysts forecast that Eclipse Resources will post -0.09 earnings per share for the current year.
In other Eclipse Resources news, 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 value of $81,000.00. Following the transaction, the chief operating officer now directly owns 594,051 shares in the company, valued at approximately $962,362.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in ECR. Dimensional Fund Advisors LP increased its stake in 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 acquiring an additional 949,886 shares during the last quarter. Renaissance Technologies LLC increased its stake in Eclipse Resources by 26.3% in the 4th quarter. Renaissance Technologies LLC now owns 2,098,701 shares of the energy producer’s stock worth $5,037,000 after acquiring an additional 437,400 shares during the last quarter. Advisor Group Inc. bought a new position in Eclipse Resources in the 4th quarter worth about $899,000. Municipal Employees Retirement System of Michigan bought a new position in Eclipse Resources in the 4th quarter worth about $508,000. Finally, Prime Capital Investment Advisors LLC bought a new position in Eclipse Resources in the 4th quarter worth about $420,000. Institutional investors and hedge funds own 80.68% of the company’s stock.
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About Eclipse Resources
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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