Eclipse Resources Corporation (NYSE:ECR) has been given a $3.00 price objective by analysts at BMO Capital Markets in a research note issued on Tuesday. The brokerage presently has a “hold” rating on the energy producer’s stock. BMO Capital Markets’ target price would indicate a potential upside of 19.52% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $5.00 price target (up previously from $4.00) on shares of Eclipse Resources Corporation in a research note on Monday, June 19th. Royal Bank Of Canada reiterated a “buy” rating and issued a $3.50 price target on shares of Eclipse Resources Corporation in a research note on Friday, September 15th. Zacks Investment Research upgraded shares of Eclipse Resources Corporation from a “hold” rating to a “buy” rating and set a $3.00 price target for the company in a research note on Tuesday, October 3rd. Barclays PLC increased their price target on shares of Eclipse Resources Corporation from $2.50 to $3.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 8th. Finally, Scotiabank set a $4.00 target price on shares of Eclipse Resources Corporation and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $3.01.

Shares of Eclipse Resources Corporation (ECR) opened at 2.51 on Tuesday. The firm’s 50 day moving average is $2.40 and its 200-day moving average is $2.42. Eclipse Resources Corporation has a 52 week low of $1.60 and a 52 week high of $3.66. The firm’s market cap is $659.47 million.

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In other Eclipse Resources Corporation news, COO Oleg E. Tolmachev sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $2.57, for a total value of $51,400.00. Following the transaction, 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 legal filing with the SEC, which is available through this link. 1.10% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in ECR. Dimensional Fund Advisors LP increased its holdings in Eclipse Resources Corporation by 51.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,037,907 shares of the energy producer’s stock valued at $8,690,000 after buying an additional 1,028,904 shares during the period. Rubric Capital Management LP increased its holdings in Eclipse Resources Corporation by 47.6% in the 2nd quarter. Rubric Capital Management LP now owns 2,509,400 shares of the energy producer’s stock valued at $7,177,000 after buying an additional 809,400 shares during the period. TIAA CREF Investment Management LLC increased its holdings in Eclipse Resources Corporation by 185.2% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 1,124,592 shares of the energy producer’s stock valued at $3,216,000 after buying an additional 730,285 shares during the period. AQR Capital Management LLC increased its holdings in Eclipse Resources Corporation by 107.8% in the 1st quarter. AQR Capital Management LLC now owns 1,015,502 shares of the energy producer’s stock valued at $2,580,000 after buying an additional 526,735 shares during the period. Finally, State Street Corp increased its holdings in 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 buying an additional 398,046 shares during the period. 93.66% of the stock is currently owned by hedge funds and other institutional investors.

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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