Eclipse Resources (NYSE:ECR) Stock Rating Reaffirmed by Scotiabank

Scotiabank reaffirmed their hold rating on shares of Eclipse Resources (NYSE:ECR) in a research report sent to investors on Friday, November 10th. Scotiabank currently has a $3.00 price objective on the energy producer’s stock.

ECR has been the subject of several other reports. BMO Capital Markets reiterated a hold rating and set a $3.00 price objective on shares of Eclipse Resources in a research note on Friday, August 4th. Barclays raised their target price on shares of Eclipse Resources from $2.50 to $3.00 and gave the stock an equal weight rating in a report on Tuesday, August 8th. Stifel Nicolaus reissued a buy rating and set a $4.00 target price on shares of Eclipse Resources in a report on Thursday, September 14th. Royal Bank Of Canada reissued a buy rating and set a $3.50 target price on shares of Eclipse Resources in a report on Friday, September 15th. Finally, Capital One Financial reissued an equal weight rating on shares of Eclipse Resources in a report on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $2.87.

Eclipse Resources (ECR) traded down $0.02 during midday trading on Friday, hitting $2.48. 551,000 shares of the stock were exchanged, compared to its average volume of 829,996. Eclipse Resources has a 1 year low of $1.60 and a 1 year high of $3.32. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.62 and a current ratio of 0.62.

Eclipse Resources (NYSE:ECR) last posted 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. Eclipse Resources had a negative net margin of 11.46% and a negative return on equity of 3.00%. The business had revenue of $91.55 million during the quarter, compared to the consensus estimate of $90.67 million. During the same period in the previous year, the firm posted ($0.10) earnings per share. The business’s revenue for the quarter was up 68.4% compared to the same quarter last year. equities analysts predict that Eclipse Resources will post -0.07 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Chicago Partners Investment Group LLC increased its holdings in Eclipse Resources by 192.4% in the third quarter. Chicago Partners Investment Group LLC now owns 77,651 shares of the energy producer’s stock valued at $194,000 after buying an additional 51,098 shares in the last quarter. GSA Capital Partners LLP increased its holdings in Eclipse Resources by 120.5% in the third quarter. GSA Capital Partners LLP now owns 45,304 shares of the energy producer’s stock valued at $113,000 after buying an additional 24,754 shares in the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new position in Eclipse Resources in the third quarter valued at $179,000. Dimensional Fund Advisors LP increased its holdings in Eclipse Resources by 31.3% in the third quarter. Dimensional Fund Advisors LP now owns 3,987,793 shares of the energy producer’s stock valued at $9,970,000 after buying an additional 949,886 shares in the last quarter. Finally, Macquarie Group Ltd. purchased a new position in Eclipse Resources in the third quarter valued at $101,000. 92.50% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Eclipse Resources (NYSE:ECR)

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