Scotiabank Reaffirms Hold Rating for Eclipse Resources Corporation (ECR)
ECR has been the topic of a number of other research reports. BMO Capital Markets restated a hold rating and issued a $3.00 price objective on shares of Eclipse Resources Corporation in a research report on Friday, August 4th. Barclays PLC boosted their price objective on shares of Eclipse Resources Corporation from $2.50 to $3.00 and gave the company an equal weight rating in a research report on Tuesday, August 8th. Stifel Nicolaus restated a buy rating and issued a $4.00 price objective on shares of Eclipse Resources Corporation in a research report on Thursday, September 14th. Royal Bank Of Canada restated a buy rating and issued a $3.50 price objective on shares of Eclipse Resources Corporation in a research report on Friday, September 15th. Finally, Capital One Financial Corporation restated an equal weight rating on shares of Eclipse Resources Corporation in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $2.87.
Eclipse Resources Corporation (NYSE ECR) opened at $2.61 on Friday. Eclipse Resources Corporation has a 52-week low of $1.60 and a 52-week high of $3.32. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.25 and a current ratio of 1.25.
Eclipse Resources Corporation (NYSE:ECR) last released its quarterly earnings data on Wednesday, November 8th. The energy producer reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. Eclipse Resources Corporation had a negative net margin of 11.46% and a negative return on equity of 3.01%. The firm had revenue of $91.55 million for the quarter, compared to analysts’ expectations of $90.67 million. During the same quarter in the previous year, the company earned ($0.10) earnings per share. The company’s revenue for the quarter was up 68.4% compared to the same quarter last year. research analysts forecast that Eclipse Resources Corporation will post -0.06 EPS for the current year.
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A number of institutional investors and hedge funds have recently made changes to their positions in the business. Sanders Morris Harris LLC grew its holdings in Eclipse Resources Corporation by 3.3% in the third quarter. Sanders Morris Harris LLC now owns 5,321,705 shares of the energy producer’s stock worth $13,304,000 after purchasing an additional 172,000 shares during the period. Vanguard Group Inc. grew its holdings in Eclipse Resources Corporation by 7.1% in the second quarter. Vanguard Group Inc. now owns 5,318,834 shares of the energy producer’s stock worth $15,212,000 after purchasing an additional 354,229 shares during the period. Dimensional Fund Advisors LP grew its holdings in Eclipse Resources Corporation by 51.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,037,907 shares of the energy producer’s stock worth $8,690,000 after purchasing an additional 1,028,904 shares during the period. Boston Partners grew its holdings in Eclipse Resources Corporation by 21.0% in the third quarter. Boston Partners now owns 2,895,330 shares of the energy producer’s stock worth $7,239,000 after purchasing an additional 501,660 shares during the period. Finally, Rubric Capital Management LP grew its holdings in 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 worth $7,177,000 after purchasing an additional 809,400 shares during the period. Institutional investors and hedge funds own 93.75% 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.
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