Eclipse Resources Corporation (NYSE:ECR) was downgraded by equities research analysts at Goldman Sachs Group, Inc. (The) from a “neutral” rating to a “sell” rating in a research note issued to investors on Friday, The Fly reports.

ECR has been the subject of a number of other research reports. Royal Bank Of Canada set a $4.00 target price on shares of Eclipse Resources Corporation and gave the stock a “buy” rating in a research report on Saturday, June 3rd. BidaskClub raised shares of Eclipse Resources Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Seaport Global Securities downgraded shares of Eclipse Resources Corporation from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $3.25 to $2.75 in a research report on Wednesday, June 21st. Barclays PLC reissued a “neutral” rating on shares of Eclipse Resources Corporation in a research report on Friday, July 7th. Finally, KLR Group set a $4.00 target price on shares of Eclipse Resources Corporation and gave the stock a “buy” rating in a research report on Wednesday, June 7th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $3.56.

Eclipse Resources Corporation (NYSE:ECR) opened at 2.42 on Friday. Eclipse Resources Corporation has a 1-year low of $1.60 and a 1-year high of $3.78. The stock’s market cap is $635.83 million. The stock has a 50 day moving average of $2.45 and a 200 day moving average of $2.40.

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In other Eclipse Resources Corporation news, COO Oleg E. Tolmachev sold 20,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $2.57, for a total value of $51,400.00. Following the completion of the sale, the chief operating officer now owns 423,920 shares of the company’s stock, valued at $1,089,474.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the business. Russell Investments Group Ltd. acquired a new stake in Eclipse Resources Corporation in the fourth quarter valued at approximately $1,977,000. Ameriprise Financial Inc. grew its position in Eclipse Resources Corporation by 15.0% in the first quarter. Ameriprise Financial Inc. now owns 1,802,673 shares of the energy producer’s stock valued at $4,578,000 after acquiring an additional 234,600 shares in the last quarter. Sanders Morris Harris Inc. grew its position in Eclipse Resources Corporation by 11.7% in the second quarter. Sanders Morris Harris Inc. now owns 3,234,277 shares of the energy producer’s stock valued at $10,803,000 after acquiring an additional 339,500 shares in the last quarter. Boston Partners acquired a new stake in Eclipse Resources Corporation in the third quarter valued at approximately $5,800,000. Finally, AQR Capital Management LLC grew its position in Eclipse Resources Corporation by 18.5% in the fourth quarter. AQR Capital Management LLC now owns 488,767 shares of the energy producer’s stock valued at $1,305,000 after acquiring an additional 76,366 shares in the last quarter. 93.66% of the stock is owned by institutional investors.

About Eclipse Resources Corporation

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.

The Fly

Analyst Recommendations for Eclipse Resources Corporation (NYSE:ECR)

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