BMO Capital Markets set a $3.00 price target on Eclipse Resources Corporation (NYSE:ECR) in a report released on Tuesday morning. The brokerage currently has a hold rating on the energy producer’s stock.

Other equities analysts have also recently issued reports about the stock. Royal Bank Of Canada reiterated a buy rating and set a $3.50 price objective on shares of Eclipse Resources Corporation in a research report on Friday, September 15th. Seaport Global Securities cut shares of Eclipse Resources Corporation from a buy rating to a neutral rating and lowered their price objective for the stock from $3.25 to $2.75 in a research report on Wednesday, June 21st. Barclays PLC reiterated a neutral rating on shares of Eclipse Resources Corporation in a research report on Friday, July 7th. BidaskClub upgraded shares of Eclipse Resources Corporation from a sell rating to a hold rating in a research report on Wednesday, August 2nd. Finally, ValuEngine upgraded shares of Eclipse Resources Corporation from a sell rating to a hold rating in a research report on Tuesday, July 11th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $2.96.

Eclipse Resources Corporation (NYSE ECR) traded up 0.622% during mid-day trading on Tuesday, hitting $2.425. 111,141 shares of the stock traded hands. The firm’s 50-day moving average price is $2.41 and its 200-day moving average price is $2.43. The firm’s market cap is $637.14 million. Eclipse Resources Corporation has a 52 week low of $1.60 and a 52 week high of $3.57.

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In other Eclipse Resources Corporation news, COO Oleg E. Tolmachev sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $2.57, for a total value of $51,400.00. Following the completion of the transaction, the chief operating officer now directly owns 423,920 shares in the company, valued at approximately $1,089,474.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in ECR. Russell Investments Group Ltd. increased its position in Eclipse Resources Corporation by 16.7% in the 1st quarter. Russell Investments Group Ltd. now owns 870,931 shares of the energy producer’s stock valued at $2,212,000 after acquiring an additional 124,683 shares during the period. Bank of New York Mellon Corp increased its position in Eclipse Resources Corporation by 8.7% in the 1st quarter. Bank of New York Mellon Corp now owns 392,498 shares of the energy producer’s stock valued at $997,000 after acquiring an additional 31,451 shares during the period. UBS Asset Management Americas Inc. increased its position in Eclipse Resources Corporation by 99.3% in the 1st quarter. UBS Asset Management Americas Inc. now owns 57,000 shares of the energy producer’s stock valued at $145,000 after acquiring an additional 28,400 shares during the period. Ameriprise Financial Inc. increased its position in Eclipse Resources Corporation by 15.0% in the 1st quarter. Ameriprise Financial Inc. now owns 1,802,673 shares of the energy producer’s stock valued at $4,578,000 after acquiring an additional 234,600 shares during the period. Finally, TIAA CREF Investment Management LLC increased its position in Eclipse Resources Corporation by 34.1% in the 1st quarter. TIAA CREF Investment Management LLC now owns 394,307 shares of the energy producer’s stock valued at $1,002,000 after acquiring an additional 100,207 shares during the period. Hedge funds and other institutional investors own 93.66% of the company’s stock.

About Eclipse Resources Corporation

Eclipse Resources Corporation 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 is the operator of the Utica Core Area and its Marcellus Project Area. The Ordovician-aged Utica Shale is an unconventional reservoir consisting of organic-rich black shale, with production occurring at vertical depths between 6,000 and 10,000 feet.

Analyst Recommendations for Eclipse Resources Corporation (NYSE:ECR)

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