Analysts’ Recent Ratings Changes for Eclipse Resources (ECR)

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Several analysts have recently updated their ratings and price targets for Eclipse Resources (NYSE: ECR):

  • 9/5/2018 – Eclipse Resources was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Eclipse Resources Corporation is an independent exploration and production company. It is engaged in the acquisition and development of oil and natural gas properties in the Appalachian Basin. Eclipse Resources Corporation is headquartered in State College, Pennsylvania. “
  • 8/31/2018 – Eclipse Resources had its price target lowered by analysts at Stifel Nicolaus from $1.70 to $1.40. They now have a “hold” rating on the stock.
  • 8/28/2018 – Eclipse Resources was upgraded by analysts at Capital One Financial Corp. from an “equal weight” rating to an “overweight” rating.
  • 8/20/2018 – Eclipse Resources was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $1.75 price target on the stock. According to Zacks, “Eclipse Resources Corporation is an independent exploration and production company. It is engaged in the acquisition and development of oil and natural gas properties in the Appalachian Basin. Eclipse Resources Corporation is headquartered in State College, Pennsylvania. “
  • 8/20/2018 – Eclipse Resources had its “buy” rating reaffirmed by analysts at KLR Group. They now have a $2.00 price target on the stock.
  • 8/8/2018 – Eclipse Resources was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Eclipse Resources Corporation is an independent exploration and production company. It is engaged in the acquisition and development of oil and natural gas properties in the Appalachian Basin. Eclipse Resources Corporation is headquartered in State College, Pennsylvania. “

NYSE:ECR traded down $0.09 during midday trading on Thursday, hitting $1.27. The company had a trading volume of 24,252 shares, compared to its average volume of 1,359,128. Eclipse Resources Corp has a 52-week low of $1.23 and a 52-week high of $2.79. The firm has a market capitalization of $432.33 million, a PE ratio of -31.75 and a beta of 2.81. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.67 and a current ratio of 0.67.

Eclipse Resources (NYSE:ECR) last announced its earnings results on Thursday, August 2nd. The energy producer reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.04. Eclipse Resources had a negative net margin of 12.57% and a positive return on equity of 0.53%. The company had revenue of $103.62 million during the quarter, compared to analyst estimates of $97.53 million. sell-side analysts forecast that Eclipse Resources Corp will post -0.05 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in Eclipse Resources by 4.6% in the second quarter. BlackRock Inc. now owns 6,964,346 shares of the energy producer’s stock worth $11,143,000 after purchasing an additional 307,358 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Eclipse Resources by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 4,838,570 shares of the energy producer’s stock worth $6,968,000 after purchasing an additional 159,937 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Eclipse Resources by 28.4% in the first quarter. Russell Investments Group Ltd. now owns 3,239,301 shares of the energy producer’s stock worth $4,665,000 after purchasing an additional 716,264 shares during the last quarter. Rubric Capital Management LP lifted its stake in Eclipse Resources by 18.5% in the first quarter. Rubric Capital Management LP now owns 3,199,478 shares of the energy producer’s stock worth $4,607,000 after purchasing an additional 499,478 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Eclipse Resources by 3.6% in the second quarter. Renaissance Technologies LLC now owns 2,849,501 shares of the energy producer’s stock worth $4,559,000 after purchasing an additional 100,287 shares during the last quarter. Institutional investors own 78.91% of the company’s stock.

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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