Eclipse Resources Corp Price Target Raised to $22.00 at SunTrust (ECR)
Investment analysts at SunTrust boosted their target price on shares of Eclipse Resources Corp (NYSE:ECR) from $3.00 to $22.00 in a note issued to investors on Monday. SunTrust’s target price would suggest a potential upside of 14.29% from the stock’s previous close.
Eclipse Resources Corp (NYSE:ECR) opened at 19.25 on Monday. Eclipse Resources Corp has a 52 week low of $18.82 and a 52 week high of $27.18. The stock’s 50-day moving average is $21.89 and its 200-day moving average is $22.29. The company’s market cap is $3.080 billion.
A number of other firms have also recently commented on ECR. Analysts at Johnson Rice initiated coverage on shares of Eclipse Resources Corp in a research note on Thursday, July 17th. They set an “overweight” rating on the stock. Separately, analysts at Capital One Financial Corp. initiated coverage on shares of Eclipse Resources Corp in a research note on Wednesday, July 16th. They set an “overweight” rating and a $28.00 price target on the stock. Finally, analysts at Morgan Stanley initiated coverage on shares of Eclipse Resources Corp in a research note on Wednesday, July 16th. They set an “overweight” rating and a $31.00 price target on the stock. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. Eclipse Resources Corp has a consensus rating of “Buy” and an average target price of $28.55.
Eclipse Resources Corporation is an independent exploration and production company engaged in the acquisition and development of oil and natural gas properties in the Appalachian Basin.
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