Eclipse Resources Corporation (NYSE:ECR) – Investment analysts at KeyCorp raised their FY2018 EPS estimates for Eclipse Resources in a report issued on Monday. KeyCorp analyst D. Deckelbaum now anticipates that the energy producer will post earnings of ($0.03) per share for the year, up from their previous forecast of ($0.06). KeyCorp has a “Buy” rating and a $3.00 price target on the stock.

A number of other brokerages have also weighed in on ECR. Zacks Investment Research raised Eclipse Resources from a “hold” rating to a “buy” rating and set a $3.00 target price for the company in a research report on Tuesday, October 3rd. Scotiabank restated a “hold” rating and set a $3.00 price target on shares of Eclipse Resources in a research note on Friday, November 10th. Stifel Nicolaus set a $5.00 price target on Eclipse Resources and gave the company a “buy” rating in a research note on Thursday, October 5th. Capital One Financial restated an “equal weight” rating on shares of Eclipse Resources in a research note on Thursday, November 9th. Finally, Barclays set a $2.50 price target on Eclipse Resources and gave the company a “hold” rating in a research note on Wednesday, October 11th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. Eclipse Resources presently has an average rating of “Hold” and an average price target of $2.96.

Shares of Eclipse Resources (ECR) traded down $0.02 during trading hours on Thursday, reaching $2.28. The company’s stock had a trading volume of 668,900 shares, compared to its average volume of 818,459. Eclipse Resources has a fifty-two week low of $1.60 and a fifty-two week high of $3.10. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.85.

Eclipse Resources (NYSE:ECR) last issued its earnings results on Wednesday, November 8th. The energy producer reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.02. Eclipse Resources had a negative return on equity of 3.00% and a negative net margin of 11.46%. The business had revenue of $91.55 million during the quarter, compared to analyst estimates of $90.67 million. During the same quarter in the previous year, the firm earned ($0.10) EPS. Eclipse Resources’s revenue was up 68.4% on a year-over-year basis.

Several large investors have recently made changes to their positions in the stock. Chicago Partners Investment Group LLC grew its stake in shares of Eclipse Resources by 192.4% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 77,651 shares of the energy producer’s stock valued at $194,000 after acquiring an additional 51,098 shares during the period. GSA Capital Partners LLP grew its stake in shares of Eclipse Resources by 120.5% during the 3rd quarter. GSA Capital Partners LLP now owns 45,304 shares of the energy producer’s stock valued at $113,000 after acquiring an additional 24,754 shares during the period. Cornerstone Capital Management Holdings LLC. bought a new position in shares of Eclipse Resources during the 3rd quarter valued at approximately $179,000. Dimensional Fund Advisors LP grew its stake in shares of Eclipse Resources by 31.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,987,793 shares of the energy producer’s stock valued at $9,970,000 after acquiring an additional 949,886 shares during the period. Finally, Macquarie Group Ltd. bought a new position in shares of Eclipse Resources during the 3rd quarter valued at approximately $101,000. Institutional investors own 92.53% of the company’s stock.

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About Eclipse Resources

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.

Earnings History and Estimates for Eclipse Resources (NYSE:ECR)

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