Eclipse Resources Corp Given Average Rating of “Buy” by Brokerages (NYSE:ECR)
Eclipse Resources Corp (NYSE:ECR) has received an average recommendation of “Buy” from the fourteen ratings firms that are currently covering the company, American Banking News reports. One analyst has rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $27.73.
Eclipse Resources Corp (NYSE:ECR) traded down 1.28% on Monday, hitting $17.71. The stock had a trading volume of 208,030 shares. Eclipse Resources Corp has a 1-year low of $17.82 and a 1-year high of $27.18. The stock has a 50-day moving average of $20.9 and a 200-day moving average of $21.86. The company’s market cap is $2.834 billion.
ECR has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Eclipse Resources Corp in a research note on Friday. They now have a $25.00 price target on the stock, down previously from $30.00. Separately, 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. Finally, 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, August 18th.
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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