Shares of Eclipse Resources Corp (NYSE:ECR) dropped 8.5% during trading on Wednesday . The company traded as low as $1.17 and last traded at $1.18. Approximately 1,671,400 shares traded hands during trading, an increase of 48% from the average daily volume of 1,130,567 shares. The stock had previously closed at $1.29.

ECR has been the topic of a number of recent research reports. Stifel Nicolaus dropped their price target on shares of Eclipse Resources from $1.70 to $1.40 and set a “hold” rating on the stock in a research note on Friday, August 31st. KLR Group restated a “buy” rating and set a $2.00 price target on shares of Eclipse Resources in a research note on Monday, August 20th. Zacks Investment Research upgraded shares of Eclipse Resources from a “hold” rating to a “strong-buy” rating and set a $1.75 price target on the stock in a research note on Monday, August 20th. Capital One Financial upgraded shares of Eclipse Resources from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, August 28th. Finally, Goldman Sachs Group upgraded shares of Eclipse Resources from a “sell” rating to a “neutral” rating and set a $2.00 price target on the stock in a research note on Tuesday, September 11th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $2.33.

The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market capitalization of $390.00 million, a price-to-earnings ratio of -32.25 and a beta of 2.81.

Eclipse Resources (NYSE:ECR) last posted its earnings results on Thursday, August 2nd. The energy producer reported $0.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.04. The business had revenue of $103.62 million for the quarter, compared to analyst estimates of $97.53 million. Eclipse Resources had a negative net margin of 12.57% and a positive return on equity of 0.53%. equities analysts predict that Eclipse Resources Corp will post -0.04 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of the stock. Northern Trust Corp increased its holdings in Eclipse Resources by 6.2% during the 2nd quarter. Northern Trust Corp now owns 1,106,289 shares of the energy producer’s stock worth $1,771,000 after acquiring an additional 64,874 shares during the period. Chicago Partners Investment Group LLC increased its holdings in 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 worth $235,000 after acquiring an additional 69,364 shares during the period. Signaturefd LLC bought a new stake in Eclipse Resources during the 2nd quarter worth approximately $160,000. Renaissance Technologies LLC increased its holdings in Eclipse Resources by 3.6% during the 2nd quarter. Renaissance Technologies LLC now owns 2,849,501 shares of the energy producer’s stock worth $4,559,000 after acquiring an additional 100,287 shares during the period. Finally, BlackRock Inc. increased its holdings in Eclipse Resources by 4.6% during the 2nd quarter. BlackRock Inc. now owns 6,964,346 shares of the energy producer’s stock worth $11,143,000 after acquiring an additional 307,358 shares during the period. 78.93% of the stock is currently owned by institutional investors and hedge funds.

Eclipse Resources Company Profile (NYSE:ECR)

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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