Media coverage about Eclipse Resources (NYSE:ECR) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Eclipse Resources earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave media coverage about the energy producer an impact score of 46.4957952454392 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the headlines that may have effected Accern’s scoring:
- Eclipse Resources (ECR) Cut to Sell at Zacks Investment Research (americanbankingnews.com)
- Research Analysts Offer Predictions for Eclipse Resources Corp’s FY2018 Earnings (ECR) (americanbankingnews.com)
- Eclipse Resources Corp (ECR) Expected to Post Quarterly Sales of $102.74 Million (americanbankingnews.com)
- Insider Selling: Eclipse Resources Corp (ECR) COO Sells 50,000 Shares of Stock (americanbankingnews.com)
- Stock Review for Oil and Gas Investors — Contango Oil & Gas, Denbury Resources, Eclipse Resources, and Enbridge … – PR Newswire (press release) (prnewswire.com)
A number of equities research analysts have recently issued reports on ECR shares. Zacks Investment Research lowered shares of Eclipse Resources from a “hold” rating to a “sell” rating in a research note on Friday. Johnson Rice upgraded shares of Eclipse Resources from an “accumulate” rating to a “buy” rating in a research note on Monday, December 11th. KeyCorp set a $3.00 target price on shares of Eclipse Resources and gave the company a “buy” rating in a research note on Wednesday, February 28th. Seaport Global Securities upgraded shares of Eclipse Resources from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 19th. Finally, Scotiabank set a $4.00 target price on shares of Eclipse Resources and gave the company a “hold” rating in a research note on Tuesday, December 12th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. Eclipse Resources presently has a consensus rating of “Hold” and an average price target of $3.23.
Eclipse Resources (NYSE:ECR) last announced its quarterly earnings data on Wednesday, February 28th. The energy producer reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. Eclipse Resources had a net margin of 2.22% and a negative return on equity of 1.34%. The business had revenue of $104.06 million during the quarter, compared to the consensus estimate of $101.37 million. During the same quarter in the prior year, the firm earned ($0.02) EPS. The company’s revenue for the quarter was up 22.3% compared to the same quarter last year. analysts expect that Eclipse Resources will post -0.08 earnings per share for the current fiscal year.
In related news, COO Oleg E. Tolmachev sold 50,000 shares of the business’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $1.62, for a total transaction of $81,000.00. Following the completion of the sale, the chief operating officer now owns 594,051 shares of the company’s stock, valued at approximately $962,362.62. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Encap Energy Capital Fund Viii acquired 37,823,596 shares of the stock in a transaction that occurred on Thursday, January 18th. The shares were acquired at an average cost of $2.44 per share, with a total value of $92,289,574.24. The disclosure for this purchase can be found here. 1.00% of the stock is owned by corporate insiders.
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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