Eclipse Resources Corp (ECR) Given Average Recommendation of “Hold” by Analysts
Eclipse Resources Corp (NYSE:ECR) has been given an average recommendation of “Hold” by the fifteen analysts that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $2.98.
Several research analysts recently commented on the stock. Seaport Global Securities raised shares of Eclipse Resources from a “neutral” rating to a “buy” rating in a report on Tuesday, December 19th. Scotiabank set a $4.00 price objective on shares of Eclipse Resources and gave the stock a “hold” rating in a report on Tuesday, December 12th. Johnson Rice raised shares of Eclipse Resources from an “accumulate” rating to a “buy” rating in a report on Monday, December 11th. Capital One Financial reaffirmed an “equal weight” rating on shares of Eclipse Resources in a report on Thursday, November 9th. Finally, KeyCorp set a $3.00 price objective on shares of Eclipse Resources and gave the stock a “buy” rating in a report on Thursday, October 19th.
A number of hedge funds and other institutional investors have recently bought and sold shares of ECR. Dimensional Fund Advisors LP lifted its stake in Eclipse Resources by 51.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,037,907 shares of the energy producer’s stock worth $8,690,000 after purchasing an additional 1,028,904 shares in the last quarter. TIAA CREF Investment Management LLC lifted its stake in Eclipse Resources by 185.2% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 1,124,592 shares of the energy producer’s stock worth $3,216,000 after purchasing an additional 730,285 shares in the last quarter. Boston Partners lifted its stake in Eclipse Resources by 21.0% in the 3rd quarter. Boston Partners now owns 2,895,330 shares of the energy producer’s stock worth $7,239,000 after purchasing an additional 501,660 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Eclipse Resources by 47.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,497,129 shares of the energy producer’s stock worth $3,743,000 after purchasing an additional 485,162 shares in the last quarter. Finally, State Street Corp lifted its stake in Eclipse Resources by 46.6% in the 2nd quarter. State Street Corp now owns 1,253,137 shares of the energy producer’s stock worth $3,583,000 after purchasing an additional 398,046 shares in the last quarter. Institutional investors and hedge funds own 92.50% of the company’s stock.
Eclipse Resources (NYSE:ECR) last released its quarterly earnings data on Wednesday, November 8th. The energy producer reported ($0.02) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.02. The company had revenue of $91.55 million during the quarter, compared to the consensus estimate of $90.67 million. Eclipse Resources had a negative net margin of 11.46% and a negative return on equity of 3.00%. Eclipse Resources’s revenue for the quarter was up 68.4% on a year-over-year basis. During the same period last year, the firm earned ($0.10) EPS. analysts predict that Eclipse Resources will post -0.07 earnings per share for the current year.
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Eclipse Resources 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.
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