Zacks Investment Research upgraded shares of Eclipse Resources Corporation (NYSE:ECR) from a hold rating to a buy rating in a research report sent to investors on Thursday morning. They currently have $3.00 price objective 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. “

Other equities research analysts have also issued reports about the company. KLR Group started coverage on Eclipse Resources Corporation in a research report on Monday, November 21st. They set a buy rating and a $3.75 price target on the stock. Fundamental Research started coverage on Eclipse Resources Corporation in a research report on Monday, October 31st. They set a buy rating and a $0.36 price target on the stock. Seaport Global Securities upgraded Eclipse Resources Corporation from a neutral rating to a buy rating and increased their price target for the stock from $3.50 to $4.00 in a research report on Monday, February 6th. Finally, RBC Capital Markets restated a buy rating and set a $4.00 price target on shares of Eclipse Resources Corporation in a research report on Tuesday, January 3rd. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $3.38.

Shares of Eclipse Resources Corporation (NYSE:ECR) traded down 1.12% during trading on Thursday, hitting $2.64. The company had a trading volume of 354,479 shares. The stock’s market cap is $687.96 million. Eclipse Resources Corporation has a 12-month low of $0.68 and a 12-month high of $4.42. The firm has a 50 day moving average of $2.53 and a 200 day moving average of $3.00.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. Metropolitan Life Insurance Co. NY bought a new stake in Eclipse Resources Corporation during the second quarter worth about $141,000. Monashee Investment Management LLC bought a new stake in Eclipse Resources Corporation during the second quarter worth about $167,000. Gargoyle Investment Advisor L.L.C. bought a new stake in Eclipse Resources Corporation during the third quarter worth about $211,000. Zacks Investment Management bought a new stake in Eclipse Resources Corporation during the third quarter worth about $228,000. Finally, DIAM Co. Ltd. bought a new stake in Eclipse Resources Corporation during the third quarter worth about $342,000. 29.95% of the stock is currently owned by hedge funds and other institutional investors.

Eclipse Resources Corporation Company Profile

Eclipse Resources Corporation (Eclipse) 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 has assembled an acreage position approximating 221,700 net acres in Eastern Ohio.

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