Zacks Investment Research upgraded shares of Eclipse Resources Corp. (NYSE:ECR) from a hold rating to a buy rating in a report published on Tuesday morning. They currently have $4.00 target price on the stock.

According to Zacks, “Eclipse Resources Corporation is an independent exploration and production company. It is engaged in the acquisition and development of oil and natural gas properties in the Appalachian Basin. Eclipse Resources Corporation is headquartered in State College, Pennsylvania. “

ECR has been the subject of several other research reports. Simmons raised shares of Eclipse Resources Corp. from an underweight rating to a neutral rating and increased their price target for the company from $3.00 to $4.00 in a research report on Tuesday, August 9th. Seaport Global Securities raised shares of Eclipse Resources Corp. from a neutral rating to a buy rating and increased their price target for the company from $1.25 to $4.25 in a research report on Tuesday, June 7th. Barclays PLC raised their target price on shares of Eclipse Resources Corp. from $2.00 to $3.00 and gave the stock an equal weight rating in a research report on Thursday, July 14th. GMP Securities assumed coverage on shares of Eclipse Resources Corp. in a research report on Wednesday, September 28th. They issued a buy rating and a $7.00 target price for the company. Finally, BMO Capital Markets reaffirmed a hold rating and issued a $4.00 target price on shares of Eclipse Resources Corp. in a research report on Tuesday, July 5th. Ten research analysts have rated the stock with 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 $3.29.

Analyst Recommendations for Eclipse Resources Corp. (NYSE:ECR)

Shares of Eclipse Resources Corp. (NYSE:ECR) opened at 3.48 on Tuesday. The firm has a 50-day moving average of $3.41 and a 200 day moving average of $2.88. The company’s market capitalization is $906.86 million. Eclipse Resources Corp. has a 1-year low of $0.65 and a 1-year high of $4.42.

Eclipse Resources Corp. (NYSE:ECR) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.33) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by $0.25. The firm had revenue of $47.10 million for the quarter, compared to analysts’ expectations 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 company’s quarterly revenue was down 36.8% on a year-over-year basis. During the same period in the previous year, the company earned ($0.19) EPS. On average, equities research analysts expect that Eclipse Resources Corp. will post ($0.26) earnings per share for the current year.

In related news, insider Benjamin Ward Hulburt sold 58,979 shares of the firm’s stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $3.59, for a total value of $211,734.61. Following the transaction, the insider now owns 834,772 shares of the company’s stock, valued at $2,996,831.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.13% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. Marshall Wace LLP purchased a new position in shares of Eclipse Resources Corp. during the second quarter valued at $7,810,000. UBS Oconnor LLC increased its position in shares of Eclipse Resources Corp. by 673.9% in the second quarter. UBS Oconnor LLC now owns 2,606,638 shares of the company’s stock valued at $8,706,000 after buying an additional 2,269,827 shares in the last quarter. Encompass Capital Advisors LLC purchased a new position in shares of Eclipse Resources Corp. during the second quarter valued at $7,348,000. JPMorgan Chase & Co. increased its position in shares of Eclipse Resources Corp. by 15,620.4% in the first quarter. JPMorgan Chase & Co. now owns 1,355,100 shares of the company’s stock valued at $1,951,000 after buying an additional 1,346,480 shares in the last quarter. Finally, BlackRock Advisors LLC increased its position in shares of Eclipse Resources Corp. by 6,014.4% in the second quarter. BlackRock Advisors LLC now owns 1,305,119 shares of the company’s stock valued at $4,359,000 after buying an additional 1,283,774 shares in the last quarter. 32.86% of the stock is currently owned by institutional investors.

About Eclipse Resources Corp.

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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