Eclipse Resources Corp (NYSE:ECR) – Equities research analysts at Seaport Global Securities lifted their FY2017 EPS estimates for shares of Eclipse Resources in a research note issued on Thursday. Seaport Global Securities analyst M. Kelly now expects that the energy producer will earn ($0.07) per share for the year, up from their previous estimate of ($0.09). Seaport Global Securities currently has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for Eclipse Resources’ Q4 2017 earnings at ($0.02) EPS, Q1 2018 earnings at ($0.01) EPS, Q2 2018 earnings at ($0.03) EPS, Q3 2018 earnings at ($0.05) EPS, Q4 2018 earnings at ($0.02) EPS and FY2018 earnings at ($0.12) EPS.

A number of other equities analysts have also recently issued reports on ECR. Barclays set a $2.50 price target on Eclipse Resources and gave the stock a “hold” rating in a report on Wednesday, October 11th. Zacks Investment Research cut Eclipse Resources from a “strong-buy” rating to a “hold” rating in a report on Friday, October 13th. BMO Capital Markets set a $3.00 price target on Eclipse Resources and gave the stock a “hold” rating in a report on Tuesday, October 10th. Capital One Financial restated an “equal weight” rating on shares of Eclipse Resources in a report on Thursday, November 9th. Finally, KeyCorp set a $3.00 price target on Eclipse Resources and gave the stock a “buy” rating in a report on Thursday, October 19th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $3.23.

Eclipse Resources (ECR) opened at $1.95 on Monday. The stock has a market capitalization of $525.48, a P/E ratio of -13.00 and a beta of 2.76. Eclipse Resources has a twelve month low of $1.60 and a twelve month high of $3.10. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.85.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ECR. Dimensional Fund Advisors LP raised its position in Eclipse Resources by 51.2% in 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 buying an additional 1,028,904 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in Eclipse Resources by 185.2% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 1,124,592 shares of the energy producer’s stock valued at $3,216,000 after buying an additional 730,285 shares during the last quarter. Boston Partners raised its position in Eclipse Resources by 21.0% in the 3rd quarter. Boston Partners now owns 2,895,330 shares of the energy producer’s stock valued at $7,239,000 after buying an additional 501,660 shares during the last quarter. Russell Investments Group Ltd. raised its position in Eclipse Resources by 47.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,497,129 shares of the energy producer’s stock valued at $3,743,000 after buying an additional 485,162 shares during the last quarter. Finally, State Street Corp raised its position in Eclipse Resources by 46.6% in the 2nd quarter. State Street Corp now owns 1,253,137 shares of the energy producer’s stock valued at $3,583,000 after buying an additional 398,046 shares during the last quarter. 92.47% of the stock is owned by institutional investors and hedge funds.

In other news, major shareholder Encap Energy Capital Fund Viii bought 37,823,596 shares of the stock in a transaction dated Thursday, January 18th. The shares were bought at an average cost of $2.44 per share, with a total value of $92,289,574.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is owned by corporate insiders.

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About Eclipse Resources

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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