Eclipse Resources Corp’s Buy Rating Reiterated at Deutsche Bank (ECR)
Eclipse Resources Corp (NYSE:ECR)‘s stock had its “buy” rating reissued by investment analysts at Deutsche Bank in a note issued to investors on Friday. They currently have a $25.00 price target on the stock, down from their previous price target of $30.00. Deutsche Bank’s target price suggests a potential upside of 35.80% from the stock’s previous close.
ECR has been the subject of a number of other recent research reports. Analysts at Barclays cut their price target on shares of Eclipse Resources Corp from $31.00 to $27.00 in a research note on Thursday. They now have an “overweight” rating on the stock. Separately, analysts at SunTrust raised their price target on shares of Eclipse Resources Corp from $3.00 to $22.00 in a research note on Monday. Finally, analysts at SunTrust initiated coverage on shares of Eclipse Resources Corp in a research note on Monday, July 21st. They set a “neutral” rating and a $25.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Eclipse Resources Corp presently has an average rating of “Buy” and a consensus price target of $27.73.
Shares of Eclipse Resources Corp (NYSE:ECR) traded down 2.23% on Friday, hitting $18.00. 854,683 shares of the company’s stock traded hands. Eclipse Resources Corp has a 1-year low of $18.23 and a 1-year high of $27.18. The stock’s 50-day moving average is $21.16 and its 200-day moving average is $21.95. The company’s market cap is $2.880 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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