Brokerages expect that Eclipse Resources Corp (NYSE:ECR) will announce sales of $103.00 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Eclipse Resources’ earnings, with the highest sales estimate coming in at $103.84 million and the lowest estimate coming in at $102.40 million. Eclipse Resources reported sales of $83.88 million during the same quarter last year, which would suggest a positive year over year growth rate of 22.8%. The company is scheduled to issue its next earnings report on Tuesday, February 27th.

On average, analysts expect that Eclipse Resources will report full-year sales of $103.00 million for the current year, with estimates ranging from $379.88 million to $383.51 million. For the next year, analysts anticipate that the company will report sales of $449.97 million per share, with estimates ranging from $428.31 million to $475.50 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Eclipse Resources.

Eclipse Resources (NYSE:ECR) last announced its earnings results on Wednesday, November 8th. The energy producer reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.02. The firm had revenue of $91.55 million for 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%. The business’s quarterly revenue was up 68.4% on a year-over-year basis. During the same quarter last year, the firm posted ($0.10) EPS.

Several analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Eclipse Resources from a “hold” rating to a “buy” rating and set a $3.00 price target on the stock in a research report on Tuesday, October 3rd. Scotiabank restated a “hold” rating and issued a $3.00 price target on shares of Eclipse Resources in a research report on Friday, November 10th. Capital One Financial restated an “equal weight” rating on shares of Eclipse Resources in a research report on Thursday, November 9th. Stifel Nicolaus set a $5.00 price target on shares of Eclipse Resources and gave the stock a “buy” rating in a research report on Thursday, October 5th. Finally, Barclays set a $2.50 price target on shares of Eclipse Resources and gave the stock a “hold” rating in a research report on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $2.96.

Eclipse Resources (NYSE:ECR) traded down $0.08 during midday trading on Wednesday, reaching $2.47. 476,200 shares of the company’s stock traded hands, compared to its average volume of 570,480. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.85. The firm has a market cap of $637.15, a price-to-earnings ratio of -15.44 and a beta of 3.06. Eclipse Resources has a 52 week low of $1.60 and a 52 week high of $3.10.

Institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in shares of Eclipse Resources by 51.2% during 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 acquiring an additional 1,028,904 shares in the last quarter. State Street Corp boosted its position in shares of Eclipse Resources by 46.6% during the 2nd quarter. State Street Corp now owns 1,253,137 shares of the energy producer’s stock valued at $3,583,000 after acquiring an additional 398,046 shares in the last quarter. Northern Trust Corp boosted its position in shares of Eclipse Resources by 31.8% during the 2nd quarter. Northern Trust Corp now owns 1,068,926 shares of the energy producer’s stock valued at $3,058,000 after acquiring an additional 258,185 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Eclipse Resources by 7.1% during the 2nd quarter. Vanguard Group Inc. now owns 5,318,834 shares of the energy producer’s stock valued at $15,212,000 after acquiring an additional 354,229 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Eclipse Resources by 28.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 349,360 shares of the energy producer’s stock valued at $1,000,000 after acquiring an additional 78,200 shares in the last quarter. Institutional investors and hedge funds own 92.50% 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.

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