Eclipse Resources Corporation (NYSE:ECR)‘s stock had its “buy” rating restated by research analysts at Royal Bank Of Canada in a research report issued on Friday. They presently have a $3.50 target price on the energy producer’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 47.68% from the company’s current price.

Several other equities analysts have also recently weighed in on the company. Stifel Nicolaus restated a “buy” rating and set a $4.00 price target on shares of Eclipse Resources Corporation in a report on Thursday. Goldman Sachs Group, Inc. (The) cut Eclipse Resources Corporation from a “neutral” rating to a “sell” rating and cut their price target for the company from $2.25 to $1.50 in a report on Friday, September 8th. Barclays PLC raised their price target on Eclipse Resources Corporation from $2.50 to $3.00 and gave the company an “equal weight” rating in a report on Tuesday, August 8th. BMO Capital Markets restated a “hold” rating and set a $3.00 price target on shares of Eclipse Resources Corporation in a report on Friday, August 4th. Finally, Scotiabank set a $4.00 price target on Eclipse Resources Corporation and gave the company a “hold” rating in a report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $3.24.

Eclipse Resources Corporation (NYSE:ECR) traded down 2.87% during mid-day trading on Friday, reaching $2.37. The company had a trading volume of 579,545 shares. The firm has a 50-day moving average of $2.39 and a 200 day moving average of $2.40. The company’s market capitalization is $622.69 million. Eclipse Resources Corporation has a 1-year low of $1.60 and a 1-year high of $3.66.

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In other news, COO Oleg E. Tolmachev sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was 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 directly owns 423,920 shares of the company’s stock, valued at approximately $1,089,474.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of the company. California State Teachers Retirement System lifted its stake in shares of Eclipse Resources Corporation by 35.0% in the 2nd quarter. California State Teachers Retirement System now owns 154,808 shares of the energy producer’s stock valued at $443,000 after purchasing an additional 40,100 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Eclipse Resources Corporation by 63.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 83,920 shares of the energy producer’s stock valued at $240,000 after purchasing an additional 32,583 shares during the last quarter. State Street Corp lifted its stake in shares of Eclipse Resources Corporation by 46.6% in the 2nd quarter. State Street Corp now owns 1,253,137 shares of the energy producer’s stock valued at $3,583,000 after purchasing an additional 398,046 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Eclipse Resources Corporation by 5.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 155,204 shares of the energy producer’s stock valued at $444,000 after purchasing an additional 7,489 shares during the last quarter. Finally, Voya Investment Management LLC lifted its stake in shares of Eclipse Resources Corporation by 83.3% in the 2nd quarter. Voya Investment Management LLC now owns 38,699 shares of the energy producer’s stock valued at $111,000 after purchasing an additional 17,591 shares during the last quarter. 93.66% of the stock is owned by institutional investors and hedge funds.

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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