Eclipse Resources Corp Shares Up 4.5% After Analyst Upgrade (ECR)
Eclipse Resources Corp (NYSE:ECR)’s share price rose 4.5% during mid-day trading on Tuesday after SunTrust raised their price target on the stock from $3.00 to $22.00, Analyst RN reports. The company traded as high as $19.46 and last traded at $19.22, with a volume of 530,512 shares. The stock had previously closed at $18.40.
A number of other analysts have also recently weighed in 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 equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $28.55.
The stock’s 50-day moving average is $21.68 and its 200-day moving average is $22.20. The company’s market cap is $3.045 billion.
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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