Wall Street analysts expect Eclipse Resources Corp (NYSE:ECR) to report earnings per share of $0.03 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Eclipse Resources’ earnings. The highest EPS estimate is $0.07 and the lowest is $0.00. Eclipse Resources posted earnings of $0.02 per share in the same quarter last year, which would suggest a positive year over year growth rate of 50%. The business is scheduled to announce its next earnings report on Wednesday, February 27th.

According to Zacks, analysts expect that Eclipse Resources will report full year earnings of $0.08 per share for the current fiscal year, with EPS estimates ranging from $0.02 to $0.15. For the next fiscal year, analysts anticipate that the company will post earnings of $0.14 per share, with EPS estimates ranging from $0.04 to $0.28. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover Eclipse Resources.

Eclipse Resources (NYSE:ECR) last released its quarterly earnings results on Wednesday, October 31st. The energy producer reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.06. Eclipse Resources had a positive return on equity of 3.24% and a negative net margin of 6.87%. The firm had revenue of $130.12 million for the quarter, compared to analyst estimates of $113.12 million.

A number of equities research analysts have commented on the company. Zacks Investment Research lowered Eclipse Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 8th. KLR Group reiterated a “buy” rating and issued a $2.00 price target on shares of Eclipse Resources in a research report on Monday, August 20th. Capital One Financial upgraded Eclipse Resources from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, August 28th. Stifel Nicolaus reduced their price target on Eclipse Resources from $1.70 to $1.40 and set a “hold” rating on the stock in a research report on Friday, August 31st. Finally, Goldman Sachs Group upgraded Eclipse Resources from a “sell” rating to a “neutral” rating and set a $2.00 price target on the stock in a research report on Tuesday, September 11th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $2.11.

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of Eclipse Resources by 4.6% during the 2nd quarter. BlackRock Inc. now owns 6,964,346 shares of the energy producer’s stock valued at $11,143,000 after purchasing an additional 307,358 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Eclipse Resources by 24.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 462,087 shares of the energy producer’s stock valued at $740,000 after purchasing an additional 91,767 shares in the last quarter. Chicago Partners Investment Group LLC boosted its position in shares of Eclipse Resources by 89.3% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 147,015 shares of the energy producer’s stock valued at $235,000 after purchasing an additional 69,364 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Eclipse Resources by 40.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,846,312 shares of the energy producer’s stock valued at $4,577,000 after purchasing an additional 1,101,503 shares in the last quarter. Finally, Millennium Management LLC boosted its position in shares of Eclipse Resources by 552.0% during the 1st quarter. Millennium Management LLC now owns 200,718 shares of the energy producer’s stock valued at $289,000 after purchasing an additional 169,932 shares in the last quarter. Institutional investors own 79.13% of the company’s stock.

Shares of NYSE ECR traded down $0.05 during trading on Monday, reaching $1.06. The company had a trading volume of 16,576 shares, compared to its average volume of 1,065,829. Eclipse Resources has a 12 month low of $0.99 and a 12 month high of $2.79. The firm has a market capitalization of $335.82 million, a PE ratio of -26.00 and a beta of 2.45. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.92.

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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