Shares of Eclipse Resources Corp (NYSE:ECR) have received an average rating of “Buy” from the ten research firms that are presently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $2.28.

Several brokerages have recently issued reports on ECR. Zacks Investment Research lowered Eclipse Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 5th. Goldman Sachs Group raised Eclipse Resources from a “sell” rating to a “neutral” rating and set a $2.00 target price for the company in a research report on Tuesday, September 11th. Capital One Financial raised Eclipse Resources from an “equal weight” rating to an “overweight” rating in a report on Tuesday, August 28th. KLR Group reissued a “buy” rating and issued a $2.00 price objective on shares of Eclipse Resources in a report on Monday, August 20th. Finally, Stifel Nicolaus decreased their price objective on Eclipse Resources from $1.70 to $1.40 and set a “hold” rating for the company in a report on Friday, August 31st.

Shares of Eclipse Resources stock traded down $0.06 during trading hours on Friday, hitting $1.11. 743,229 shares of the company’s stock traded hands, compared to its average volume of 1,117,116. Eclipse Resources has a 12-month low of $0.99 and a 12-month high of $2.79. The firm has a market cap of $338.84 million, a PE ratio of -27.75 and a beta of 2.45. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.78 and a quick ratio of 0.78.

Eclipse Resources (NYSE:ECR) last announced its earnings results on Wednesday, October 31st. The energy producer reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $113.12 million. As a group, equities analysts anticipate that Eclipse Resources will post 0.01 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Signaturefd LLC bought a new stake in shares of Eclipse Resources during the 2nd quarter valued at about $160,000. 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 acquiring an additional 69,364 shares during the last quarter. 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 acquiring an additional 169,932 shares during the last quarter. Teachers Advisors LLC boosted its position in shares of Eclipse Resources by 45.3% during the 3rd quarter. Teachers Advisors LLC now owns 253,695 shares of the energy producer’s stock valued at $302,000 after acquiring an additional 79,096 shares during the last quarter. Finally, 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 acquiring an additional 91,767 shares during the last quarter. Institutional investors and hedge funds own 79.13% of the company’s stock.

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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Analyst Recommendations for Eclipse Resources (NYSE:ECR)

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