Stifel Nicolaus Analysts Give Eclipse Resources Corporation (ECR) a $5.00 Price Target

Stifel Nicolaus set a $5.00 price target on Eclipse Resources Corporation (NYSE:ECR) in a research report sent to investors on Thursday, October 5th. The firm currently has a buy rating on the energy producer’s stock.

Other equities analysts have also issued research reports about the stock. Royal Bank Of Canada restated a buy rating and issued a $3.50 target price on shares of Eclipse Resources Corporation in a report on Friday, September 15th. BidaskClub upgraded shares of Eclipse Resources Corporation from a sell rating to a hold rating in a report on Wednesday, August 2nd. Seaport Global Securities lowered shares of Eclipse Resources Corporation from a buy rating to a neutral rating and dropped their target price for the company from $3.25 to $2.75 in a report on Wednesday, June 21st. Barclays PLC restated a neutral rating on shares of Eclipse Resources Corporation in a report on Friday, July 7th. Finally, Scotiabank reiterated a hold rating and set a $4.00 price objective on shares of Eclipse Resources Corporation in a report on Friday, June 30th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $2.96.

Eclipse Resources Corporation (NYSE ECR) opened at 2.31 on Thursday. The firm’s market cap is $606.92 million. The company’s 50-day moving average price is $2.42 and its 200-day moving average price is $2.43. Eclipse Resources Corporation has a 52-week low of $1.60 and a 52-week high of $3.57.

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In related news, COO Oleg E. Tolmachev sold 20,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $2.57, for a total value of $51,400.00. Following the sale, the chief operating officer now owns 423,920 shares in the company, valued at approximately $1,089,474.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.10% of the company’s stock.

A number of hedge funds have recently modified their holdings of ECR. Dimensional Fund Advisors LP grew its position in Eclipse Resources Corporation by 51.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,037,907 shares of the energy producer’s stock worth $8,690,000 after purchasing an additional 1,028,904 shares in the last quarter. Rubric Capital Management LP grew its position in Eclipse Resources Corporation by 47.6% in the 2nd quarter. Rubric Capital Management LP now owns 2,509,400 shares of the energy producer’s stock worth $7,177,000 after purchasing an additional 809,400 shares in the last quarter. TIAA CREF Investment Management LLC grew its position in Eclipse Resources Corporation by 185.2% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 1,124,592 shares of the energy producer’s stock worth $3,216,000 after purchasing an additional 730,285 shares in the last quarter. AQR Capital Management LLC grew its position in Eclipse Resources Corporation by 107.8% in the 1st quarter. AQR Capital Management LLC now owns 1,015,502 shares of the energy producer’s stock worth $2,580,000 after purchasing an additional 526,735 shares in the last quarter. Finally, State Street Corp grew its position in Eclipse Resources Corporation by 46.6% in the 2nd quarter. State Street Corp now owns 1,253,137 shares of the energy producer’s stock worth $3,583,000 after purchasing an additional 398,046 shares in the last quarter. 93.66% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Eclipse Resources Corporation (NYSE:ECR)

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