Eclipse Resources Corporation (NYSE:ECR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday. The firm currently has a $3.00 price objective on the energy producer’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 14.07% from the company’s current price.

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. “

ECR has been the topic of a number of other research reports. KLR Group set a $4.00 price target on shares of Eclipse Resources Corporation and gave the company a “buy” rating in a research note on Wednesday, June 7th. Stifel Nicolaus restated a “buy” rating and set a $5.00 price objective (up from $4.00) on shares of Eclipse Resources Corporation in a research report on Monday, June 19th. Seaport Global Securities cut shares of Eclipse Resources Corporation from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $3.25 to $2.75 in a research report on Wednesday, June 21st. Scotiabank reaffirmed a “hold” rating and set a $4.00 price objective on shares of Eclipse Resources Corporation in a report on Friday, June 30th. Finally, Barclays PLC reaffirmed a “neutral” rating on shares of Eclipse Resources Corporation in a report on Friday, July 7th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $2.91.

Eclipse Resources Corporation (NYSE ECR) traded up 2.33% on Tuesday, hitting $2.63. 264,051 shares of the company’s stock traded hands. The stock has a 50-day moving average of $2.35 and a 200-day moving average of $2.41. Eclipse Resources Corporation has a one year low of $1.60 and a one year high of $3.66. The stock’s market cap is $691.00 million.

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In other news, COO Oleg E. Tolmachev sold 20,000 shares of the stock in a transaction dated 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 sale, the chief operating officer now directly owns 423,920 shares in the company, valued at $1,089,474.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in shares of Eclipse Resources Corporation by 51.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,037,907 shares of the energy producer’s stock valued at $8,690,000 after acquiring an additional 1,028,904 shares during the last quarter. Rubric Capital Management LP grew its holdings in shares of Eclipse Resources Corporation by 47.6% in the second quarter. Rubric Capital Management LP now owns 2,509,400 shares of the energy producer’s stock valued at $7,177,000 after purchasing an additional 809,400 shares during the period. TIAA CREF Investment Management LLC grew its holdings in shares of Eclipse Resources Corporation by 185.2% in the second quarter. TIAA CREF Investment Management LLC now owns 1,124,592 shares of the energy producer’s stock valued at $3,216,000 after purchasing an additional 730,285 shares during the period. AQR Capital Management LLC grew its holdings in shares of Eclipse Resources Corporation by 107.8% in the first quarter. AQR Capital Management LLC now owns 1,015,502 shares of the energy producer’s stock valued at $2,580,000 after purchasing an additional 526,735 shares during the period. Finally, State Street Corp grew its holdings in shares of Eclipse Resources Corporation by 46.6% in the second quarter. State Street Corp now owns 1,253,137 shares of the energy producer’s stock valued at $3,583,000 after purchasing an additional 398,046 shares during the period. Institutional investors and hedge funds own 93.66% of the company’s stock.

Eclipse Resources Corporation Company Profile

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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