Eclipse Resources Corporation (NYSE:ECR)‘s stock had its “buy” rating reissued by investment analysts at Stifel Nicolaus in a research note issued on Thursday. They currently have a $4.00 price objective on the energy producer’s stock. Stifel Nicolaus’ price target points to a potential upside of 63.60% from the stock’s previous close.

ECR has been the topic of a number of other reports. ValuEngine downgraded shares of Eclipse Resources Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Barclays PLC restated a “hold” rating and issued a $3.00 price objective on shares of Eclipse Resources Corporation in a research report on Wednesday, May 24th. Scotiabank set a $4.00 price objective on shares of Eclipse Resources Corporation and gave the stock a “hold” rating in a research report on Thursday, August 3rd. BMO Capital Markets restated a “hold” rating and issued a $3.00 price objective on shares of Eclipse Resources Corporation in a research report on Friday, August 4th. Finally, KLR Group set a $4.00 price objective 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. Eclipse Resources Corporation currently has a consensus rating of “Hold” and an average target price of $3.28.

Eclipse Resources Corporation (ECR) traded down 0.61% during trading on Thursday, reaching $2.44. 458,661 shares of the company’s stock traded hands. The company’s 50 day moving average is $2.39 and its 200-day moving average is $2.40. Eclipse Resources Corporation has a 52-week low of $1.60 and a 52-week high of $3.66. The stock’s market cap is $642.39 million.

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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 transaction of $51,400.00. Following the transaction, the chief operating officer now directly owns 423,920 shares in the company, valued at $1,089,474.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Voya Investment Management LLC grew its position in Eclipse Resources Corporation by 83.3% during the second quarter. Voya Investment Management LLC now owns 38,699 shares of the energy producer’s stock valued at $111,000 after acquiring an additional 17,591 shares during the last quarter. Engineers Gate Manager LP bought a new position in Eclipse Resources Corporation during the first quarter valued at approximately $136,000. New York State Common Retirement Fund grew its position in Eclipse Resources Corporation by 27.5% during the second quarter. New York State Common Retirement Fund now owns 56,100 shares of the energy producer’s stock valued at $160,000 after acquiring an additional 12,099 shares during the last quarter. UBS Asset Management Americas Inc. grew its position in Eclipse Resources Corporation by 99.3% during the first quarter. UBS Asset Management Americas Inc. now owns 57,000 shares of the energy producer’s stock valued at $145,000 after acquiring an additional 28,400 shares during the last quarter. Finally, Virtu KCG Holdings LLC grew its position in Eclipse Resources Corporation by 474.2% during the second quarter. Virtu KCG Holdings LLC now owns 64,394 shares of the energy producer’s stock valued at $184,000 after acquiring an additional 53,179 shares during the last quarter. Institutional investors and hedge funds own 93.66% 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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