Shares of Eclipse Resources Corporation (NYSE:ECR) have been given an average rating of “Hold” by the twelve analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $3.56.

A number of research analysts have commented on the stock. Scotiabank reiterated a “hold” rating and set a $4.00 price target on shares of Eclipse Resources Corporation in a research report on Friday, June 30th. ValuEngine upgraded shares of Eclipse Resources Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Barclays PLC reiterated a “neutral” rating on shares of Eclipse Resources Corporation in a research report on Friday, July 7th. Seaport Global Securities cut shares of Eclipse Resources Corporation from a “buy” rating to a “neutral” rating and reduced their price target for the company from $3.25 to $2.75 in a research report on Wednesday, June 21st. Finally, BMO Capital Markets reiterated a “hold” rating and set a $3.00 price target on shares of Eclipse Resources Corporation in a research report on Friday, August 4th.

In other news, CFO Matthew R. Denezza sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $2.30, for a total value of $69,000.00. Following the transaction, the chief financial officer now owns 573,683 shares in the company, valued at $1,319,470.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Benjamin Ward Hulburt sold 75,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $2.50, for a total transaction of $187,500.00. Following the completion of the transaction, the insider now owns 1,321,958 shares in the company, valued at approximately $3,304,895. The disclosure for this sale can be found here. Insiders sold 145,000 shares of company stock worth $353,900 in the last 90 days. Company insiders own 1.10% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Ameriprise Financial Inc. boosted its position in shares of Eclipse Resources Corporation by 15.0% in the first quarter. Ameriprise Financial Inc. now owns 1,802,673 shares of the energy producer’s stock valued at $4,578,000 after buying an additional 234,600 shares in the last quarter. Boston Partners boosted its position in shares of Eclipse Resources Corporation by 18.9% in the first quarter. Boston Partners now owns 2,665,040 shares of the energy producer’s stock valued at $6,769,000 after buying an additional 423,101 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Eclipse Resources Corporation by 8.7% in the first quarter. Bank of New York Mellon Corp now owns 392,498 shares of the energy producer’s stock valued at $997,000 after buying an additional 31,451 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Eclipse Resources Corporation by 91.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,620,079 shares of the energy producer’s stock valued at $4,326,000 after buying an additional 775,229 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Eclipse Resources Corporation by 8.9% in the fourth quarter. State Street Corp now owns 857,405 shares of the energy producer’s stock valued at $2,289,000 after buying an additional 70,069 shares in the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Eclipse Resources Corporation (ECR) traded down 0.85% during midday trading on Friday, reaching $2.32. 524,498 shares of the company’s stock were exchanged. The stock’s market cap is $609.55 million. The firm has a 50 day moving average of $2.69 and a 200-day moving average of $2.43. Eclipse Resources Corporation has a 12 month low of $1.60 and a 12 month high of $3.81.

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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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