Scotiabank reiterated their hold rating on shares of Eclipse Resources Corporation (NYSE:ECR) in a research note released on Friday, November 10th. Scotiabank currently has a $3.00 target price on the energy producer’s stock.
A number of other research firms have also recently issued reports on ECR. Goldman Sachs Group, Inc. (The) cut Eclipse Resources Corporation from a neutral rating to a sell rating and cut their price objective for the company from $2.25 to $1.50 in a research report on Friday, September 8th. BMO Capital Markets set a $3.00 price objective on Eclipse Resources Corporation and gave the company a hold rating in a research report on Tuesday, October 10th. BidaskClub cut Eclipse Resources Corporation from a hold rating to a sell rating in a research report on Tuesday, July 25th. Stifel Nicolaus set a $5.00 price objective on Eclipse Resources Corporation and gave the company a buy rating in a research report on Thursday, October 5th. Finally, ValuEngine cut Eclipse Resources Corporation from a hold rating to a sell rating in a research report on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $2.87.
Eclipse Resources Corporation (NYSE:ECR) opened at $2.61 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.85. Eclipse Resources Corporation has a one year low of $1.60 and a one year high of $3.32.
Eclipse Resources Corporation (NYSE:ECR) last released its quarterly earnings data on Wednesday, November 8th. The energy producer reported ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.02. Eclipse Resources Corporation had a negative return on equity of 3.00% and a negative net margin of 11.46%. The company had revenue of $91.55 million during the quarter, compared to analysts’ expectations of $90.67 million. During the same period last year, the firm posted ($0.10) earnings per share. The business’s revenue was up 68.4% on a year-over-year basis. analysts anticipate that Eclipse Resources Corporation will post -0.07 EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently made changes to their positions in the business. Macquarie Group Ltd. acquired a new position in Eclipse Resources Corporation in the 3rd quarter valued at $101,000. Voya Investment Management LLC raised its holdings in Eclipse Resources Corporation by 83.3% in the 2nd quarter. Voya Investment Management LLC now owns 38,699 shares of the energy producer’s stock valued at $111,000 after acquiring an additional 17,591 shares in the last quarter. GSA Capital Partners LLP raised its holdings in Eclipse Resources Corporation by 120.5% in the 3rd quarter. GSA Capital Partners LLP now owns 45,304 shares of the energy producer’s stock valued at $113,000 after acquiring an additional 24,754 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in Eclipse Resources Corporation by 99.3% in the 1st quarter. UBS Asset Management Americas Inc. now owns 57,000 shares of the energy producer’s stock valued at $145,000 after acquiring an additional 28,400 shares in the last quarter. Finally, New York State Common Retirement Fund raised its holdings in Eclipse Resources Corporation by 27.5% in the 2nd quarter. New York State Common Retirement Fund now owns 56,100 shares of the energy producer’s stock valued at $160,000 after acquiring an additional 12,099 shares in the last quarter. 94.34% of the stock is owned by hedge funds and other institutional investors.
About Eclipse Resources Corporation
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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