$0.03 Earnings Per Share Expected for Eclipse Resources Corp (ECR) This Quarter

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Equities analysts expect Eclipse Resources Corp (NYSE:ECR) to report $0.03 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Eclipse Resources’ earnings. The highest EPS estimate is $0.07 and the lowest is $0.00. Eclipse Resources reported earnings of $0.02 per share in the same quarter last year, which indicates a positive year over year growth rate of 50%. The firm is expected to announce its next earnings report on Wednesday, February 27th.

On average, analysts expect that Eclipse Resources will report full year earnings of $0.08 per share for the current financial year, with EPS estimates ranging from $0.02 to $0.15. For the next year, analysts expect that the company will report earnings of $0.14 per share, with EPS estimates ranging from $0.04 to $0.28. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Eclipse Resources.

Eclipse Resources (NYSE:ECR) last released its quarterly earnings data on Wednesday, October 31st. The energy producer reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.06. The business had revenue of $130.12 million for the quarter, compared to analyst estimates of $113.12 million. Eclipse Resources had a positive return on equity of 3.24% and a negative net margin of 6.87%.

ECR has been the topic of several research analyst reports. Zacks Investment Research lowered Eclipse Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, November 6th. Stifel Nicolaus reduced their price objective on Eclipse Resources from $1.70 to $1.40 and set a “hold” rating on the stock in a research note on Friday, August 31st. KLR Group reaffirmed a “buy” rating and issued a $2.00 price objective on shares of Eclipse Resources in a research note on Monday, August 20th. Capital One Financial raised Eclipse Resources from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, August 28th. Finally, Goldman Sachs Group raised Eclipse Resources from a “sell” rating to a “neutral” rating and set a $2.00 price objective on the stock in a research note on Tuesday, September 11th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Eclipse Resources presently has a consensus rating of “Buy” and a consensus target price of $2.11.

NYSE:ECR traded down $0.05 during trading hours on Monday, hitting $1.09. The company’s stock had a trading volume of 2,793,995 shares, compared to its average volume of 1,015,499. The firm has a market capitalization of $344.89 million, a PE ratio of -27.25 and a beta of 2.45. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.92. Eclipse Resources has a twelve month low of $0.99 and a twelve month high of $2.79.

A number of institutional investors have recently bought and sold shares of ECR. Millennium Management LLC raised its position in Eclipse Resources by 552.0% in the first quarter. Millennium Management LLC now owns 200,718 shares of the energy producer’s stock valued at $289,000 after purchasing an additional 169,932 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in Eclipse Resources by 24.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 462,087 shares of the energy producer’s stock valued at $740,000 after purchasing an additional 91,767 shares during the last quarter. BlackRock Inc. raised its position in Eclipse Resources by 4.6% in the second quarter. BlackRock Inc. now owns 6,964,346 shares of the energy producer’s stock valued at $11,143,000 after purchasing an additional 307,358 shares during the last quarter. Renaissance Technologies LLC raised its position in Eclipse Resources by 3.6% in the second quarter. Renaissance Technologies LLC now owns 2,849,501 shares of the energy producer’s stock valued at $4,559,000 after purchasing an additional 100,287 shares during the last quarter. Finally, Signaturefd LLC bought a new position in Eclipse Resources in the second quarter valued at about $160,000. Hedge funds and other institutional investors own 79.13% of the company’s stock.

Eclipse Resources Company Profile

Eclipse Resources Corporation, an independent exploration and production company, acquires and develops oil and natural gas properties in the Appalachian Basin. The company holds interests in the Utica Shale and Marcellus Shale areas. As of December 31, 2017, it had an acreage position approximately covering an area of 203,000 net acres in Eastern Ohio.

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