Goldman Sachs Group, Inc. (The) downgraded shares of Eclipse Resources Corporation (NYSE:ECR) from a neutral rating to a sell rating in a research report released on Friday morning, MarketBeat.com reports. Goldman Sachs Group, Inc. (The) currently has $1.50 price objective on the energy producer’s stock, down from their prior price objective of $2.25.

A number of other equities analysts have also recently weighed in on the stock. Barclays PLC upped their price target on shares of Eclipse Resources Corporation from $2.50 to $3.00 and gave the stock an equal weight rating in a research note on Tuesday, August 8th. BMO Capital Markets reaffirmed a hold rating and set a $3.00 price target on shares of Eclipse Resources Corporation in a research note on Friday, August 4th. Scotiabank set a $4.00 price target on shares of Eclipse Resources Corporation and gave the stock a hold rating in a research note on Thursday, August 3rd. BidaskClub raised shares of Eclipse Resources Corporation from a sell rating to a hold rating in a research note on Wednesday, August 2nd. Finally, ValuEngine cut shares of Eclipse Resources Corporation from a hold rating to a sell rating in a research note on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $3.37.

Eclipse Resources Corporation (NYSE:ECR) opened at 2.13 on Friday. The stock’s market capitalization is $559.63 million. The firm’s 50-day moving average is $2.43 and its 200 day moving average is $2.40. Eclipse Resources Corporation has a 12-month low of $1.60 and a 12-month high of $3.78.

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In related news, COO Oleg E. Tolmachev sold 20,000 shares of the business’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 directly owns 423,920 shares in the company, valued at approximately $1,089,474.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. boosted its position in shares of Eclipse Resources Corporation by 15.0% in the 1st quarter. Ameriprise Financial Inc. now owns 1,802,673 shares of the energy producer’s stock worth $4,578,000 after buying an additional 234,600 shares in the last quarter. Boston Partners lifted its holdings in Eclipse Resources Corporation by 18.9% in the 1st quarter. Boston Partners now owns 2,665,040 shares of the energy producer’s stock valued at $6,769,000 after purchasing an additional 423,101 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Eclipse Resources Corporation by 8.7% in the 1st quarter. Bank of New York Mellon Corp now owns 392,498 shares of the energy producer’s stock valued at $997,000 after purchasing an additional 31,451 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Eclipse Resources Corporation by 24.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,009,003 shares of the energy producer’s stock valued at $5,101,000 after purchasing an additional 388,924 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings 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 valued at $2,580,000 after purchasing an additional 526,735 shares in the last quarter. Institutional investors and hedge funds own 93.66% of the company’s stock.

Eclipse Resources Corporation Company Profile

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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