Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Eclipse Resources Corporation (ECR) Share Price
Headlines about Eclipse Resources Corporation (NYSE:ECR) have trended somewhat positive on Friday, Accern Sentiment reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Eclipse Resources Corporation earned a daily sentiment score of 0.22 on Accern’s scale. Accern also gave media coverage about the energy producer an impact score of 44.6903313358407 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the headlines that may have effected Accern’s rankings:
- Stock to Hold: Eclipse Resources Corporation (ECR) – Street Observer (press release) (streetobserver.com)
- Who is showing interest in Eclipse Resources Corporation (ECR) stock Buyer or Seller? – Wall Street Morning (wallstreetmorning.com)
- ETFs with exposure to Eclipse Resources Corp. : September 28, 2017 (finance.yahoo.com)
- Eclipse Resources Corporation (ECR) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com)
- $88.95 Million in Sales Expected for Eclipse Resources Corporation (ECR) This Quarter (americanbankingnews.com)
ECR has been the subject of a number of research analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $5.00 target price (up from $4.00) on shares of Eclipse Resources Corporation in a research note on Monday, June 19th. Royal Bank Of Canada reiterated a “buy” rating and set a $3.50 price target on shares of Eclipse Resources Corporation in a research report on Friday, September 15th. Zacks Investment Research upgraded shares of Eclipse Resources Corporation from a “hold” rating to a “buy” rating and set a $3.00 price target for the company in a research report on Tuesday. Barclays PLC lifted their price target on shares of Eclipse Resources Corporation from $2.50 to $3.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 8th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $3.00 price target on shares of Eclipse Resources Corporation in a research report on Friday, August 4th. 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 company’s stock. The stock currently has an average rating of “Hold” and an average target price of $2.91.
Shares of Eclipse Resources Corporation (NYSE ECR) traded down 3.86% during midday trading on Friday, hitting $2.49. 137,041 shares of the stock traded hands. The firm’s 50-day moving average is $2.37 and its 200 day moving average is $2.42. The company’s market capitalization is $654.22 million. Eclipse Resources Corporation has a 52 week low of $1.60 and a 52 week high of $3.66.
In related news, COO Oleg E. Tolmachev sold 20,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief operating officer now owns 423,920 shares in the company, valued at approximately $1,089,474.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.10% of the stock is owned by company insiders.
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About Eclipse Resources Corporation
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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