Q3 2016 EPS Estimates for Eclipse Resources Corp. Lowered by Capital One Financial Corp. (ECR)
Eclipse Resources Corp. (NYSE:ECR) – Stock analysts at Capital One Financial Corp. reduced their Q3 2016 EPS estimates for shares of Eclipse Resources Corp. in a research report issued on Thursday. Capital One Financial Corp. analyst B. Velie now expects that the brokerage will post earnings per share of ($0.08) for the quarter, down from their previous estimate of ($0.01). Capital One Financial Corp. also issued estimates for Eclipse Resources Corp.’s Q4 2016 earnings at ($0.03) EPS.
ECR has been the subject of a number of other reports. Piper Jaffray Cos. upgraded shares of Eclipse Resources Corp. from an “underweight” rating to a “neutral” rating in a research note on Tuesday, August 9th. Zacks Investment Research lowered shares of Eclipse Resources Corp. from a “buy” rating to a “hold” rating in a research note on Monday, August 8th. BMO Capital Markets reiterated a “hold” rating and issued a $4.00 price objective on shares of Eclipse Resources Corp. in a research note on Tuesday, July 5th. Barclays PLC lifted their price objective on shares of Eclipse Resources Corp. from $2.00 to $3.00 and gave the company an “equal weight” rating in a research note on Thursday, July 14th. Finally, Seaport Global Securities upgraded shares of Eclipse Resources Corp. from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $1.25 to $4.25 in a research note on Tuesday, June 7th. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $3.00.
Shares of Eclipse Resources Corp. (NYSE:ECR) opened at 3.01 on Monday. The company has a 50-day moving average price of $3.42 and a 200-day moving average price of $2.80. Eclipse Resources Corp. has a 12-month low of $0.65 and a 12-month high of $4.42. The firm’s market capitalization is $784.38 million.
Eclipse Resources Corp. (NYSE:ECR) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.33) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.08) by $0.25. The company earned $47.10 million during the quarter, compared to analyst estimates of $51.49 million. Eclipse Resources Corp. had a negative net margin of 431.72% and a negative return on equity of 32.33%. The business’s revenue for the quarter was down 36.8% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.19) earnings per share.
In other news, insider Benjamin Ward Hulburt sold 58,979 shares of Eclipse Resources Corp. stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $3.59, for a total transaction of $211,734.61. Following the completion of the sale, the insider now directly owns 834,772 shares of the company’s stock, valued at approximately $2,996,831.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. increased its stake in Eclipse Resources Corp. by 102.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 138,930 shares of the company’s stock valued at $465,000 after buying an additional 70,330 shares in the last quarter. Advisory Research Inc. increased its stake in Eclipse Resources Corp. by 79.0% in the second quarter. Advisory Research Inc. now owns 2,342,722 shares of the company’s stock valued at $7,825,000 after buying an additional 1,034,030 shares in the last quarter. Metropolitan Life Insurance Co. NY acquired a new stake in Eclipse Resources Corp. during the second quarter valued at $141,000. Highbridge Capital Management LLC acquired a new stake in Eclipse Resources Corp. during the second quarter valued at $1,066,000. Finally, Jane Street Group LLC acquired a new stake in Eclipse Resources Corp. during the second quarter valued at $205,000. 32.86% of the stock is owned by institutional investors.
Eclipse Resources Corp. Company Profile
Eclipse Resources Corporation (Eclipse) 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 has assembled an acreage position approximating 221,700 net acres in Eastern Ohio.
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