Eclipse Resources Corporation (NYSE:ECR) had its target price boosted by analysts at Barclays PLC from $2.50 to $3.00 in a research report issued on Tuesday. The firm presently has an “equal weight” rating on the energy producer’s stock. Barclays PLC’s price target would indicate a potential upside of 14.94% from the company’s current price.

ECR has been the subject of a number of other reports. ValuEngine lowered Eclipse Resources Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Stifel Nicolaus reaffirmed a “buy” rating and set a $5.00 price target (up from $4.00) on shares of Eclipse Resources Corporation in a research note on Monday, June 19th. Scotiabank set a $4.00 price target on Eclipse Resources Corporation and gave the company a “hold” rating in a research note on Thursday, August 3rd. BMO Capital Markets reaffirmed a “hold” rating and set a $3.00 price target on shares of Eclipse Resources Corporation in a research note on Friday. Finally, KLR Group set a $4.00 price target on Eclipse Resources Corporation and gave the company a “buy” rating in a research note on Wednesday, June 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $3.60.

Shares of Eclipse Resources Corporation (NYSE ECR) traded up 2.35% on Tuesday, hitting $2.61. The company’s stock had a trading volume of 985,866 shares. The company has a 50 day moving average of $2.70 and a 200 day moving average of $2.43. Eclipse Resources Corporation has a 1-year low of $1.60 and a 1-year high of $3.81. The firm’s market cap is $685.75 million.

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In other news, COO Oleg E. Tolmachev sold 20,000 shares of the stock in a transaction on Monday, June 12th. The stock was sold at an average price of $2.30, for a total value of $46,000.00. Following the completion of the sale, the chief operating officer now owns 443,920 shares in the company, valued at $1,021,016. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Matthew R. Denezza sold 30,000 shares of the stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $2.30, for a total value of $69,000.00. Following the completion of the sale, the chief financial officer now owns 573,683 shares of the company’s stock, valued at approximately $1,319,470.90. The disclosure for this sale can be found here. Insiders have sold a total of 125,000 shares of company stock valued at $302,500 in the last quarter. Insiders own 1.10% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Rubric Capital Management LP bought a new position in shares of Eclipse Resources Corporation during the first quarter worth about $4,318,000. Dimensional Fund Advisors LP increased its position in shares of Eclipse Resources Corporation by 91.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,620,079 shares of the energy producer’s stock worth $4,326,000 after buying an additional 775,229 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Eclipse Resources Corporation by 107.8% in the first quarter. AQR Capital Management LLC now owns 1,015,502 shares of the energy producer’s stock worth $2,580,000 after buying an additional 526,735 shares during the last quarter. Boston Partners increased its position in shares of Eclipse Resources Corporation by 18.9% in the first quarter. Boston Partners now owns 2,665,040 shares of the energy producer’s stock worth $6,769,000 after buying an additional 423,101 shares during the last quarter. Finally, National Planning Corp increased its position in shares of Eclipse Resources Corporation by 1,641.7% in the second quarter. National Planning Corp now owns 418,000 shares of the energy producer’s stock worth $1,292,000 after buying an additional 394,000 shares during the last quarter. Institutional investors own 92.38% of the company’s stock.

Eclipse Resources Corporation Company Profile

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.

Analyst Recommendations for Eclipse Resources Corporation (NYSE:ECR)

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