Media headlines about Eclipse Resources (NYSE:ECR) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Eclipse Resources earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave media stories about the energy producer an impact score of 45.6317360429355 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
Shares of NYSE ECR traded up $0.01 during midday trading on Tuesday, hitting $1.29. The company’s stock had a trading volume of 1,036,585 shares, compared to its average volume of 848,156. Eclipse Resources has a one year low of $1.25 and a one year 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. The firm has a market cap of $392.30, a P/E ratio of -32.50 and a beta of 2.83.
Eclipse Resources (NYSE:ECR) last posted its quarterly earnings results on Wednesday, February 28th. The energy producer reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.03. Eclipse Resources had a net margin of 2.22% and a negative return on equity of 1.34%. The company had revenue of $104.06 million for the quarter, compared to analyst estimates of $101.37 million. During the same quarter in the previous year, the firm posted ($0.02) earnings per share. The company’s quarterly revenue was up 22.3% compared to the same quarter last year. equities analysts expect that Eclipse Resources will post -0.09 EPS for the current year.
Several brokerages have commented on ECR. Zacks Investment Research raised shares of Eclipse Resources from a “sell” rating to a “hold” rating in a research report on Tuesday, April 10th. KeyCorp set a $3.00 price objective on shares of Eclipse Resources and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Finally, Seaport Global Securities raised shares of Eclipse Resources from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 19th. 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 company. The company currently has an average rating of “Hold” and a consensus target price of $3.23.
In other news, COO Oleg E. Tolmachev sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $1.62, for a total value of $81,000.00. Following the sale, the chief operating officer now owns 594,051 shares of the company’s stock, valued at $962,362.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Encap Energy Capital Fund Viii purchased 37,823,596 shares of the stock in a transaction dated Thursday, January 18th. The stock was acquired at an average cost of $2.44 per share, for a total transaction of $92,289,574.24. The disclosure for this purchase can be found here. Insiders own 1.28% 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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