Zacks Investment Research upgraded shares of Eclipse Resources Corporation (NYSE:ECR) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning. The firm currently has $3.00 price objective on the energy producer’s 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. “

Other equities analysts also recently issued research reports about the stock. Royal Bank Of Canada restated a buy rating and set a $3.50 price objective on shares of Eclipse Resources Corporation in a report on Friday, September 15th. Seaport Global Securities cut shares of Eclipse Resources Corporation from a buy rating to a neutral rating and lowered their target price for the stock from $3.25 to $2.75 in a research note on Wednesday, June 21st. Barclays PLC reissued a neutral rating on shares of Eclipse Resources Corporation in a research report on Friday, July 7th. BidaskClub upgraded shares of Eclipse Resources Corporation from a sell rating to a hold rating in a research note on Wednesday, August 2nd. Finally, ValuEngine upgraded shares of Eclipse Resources Corporation from a sell rating to a hold rating in a research note on Tuesday, July 11th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. Eclipse Resources Corporation presently has a consensus rating of Hold and an average target price of $2.91.

Shares of Eclipse Resources Corporation (NYSE:ECR) traded down 3.42% during mid-day trading on Tuesday, hitting $2.54. 312,949 shares of the stock were exchanged. The stock’s market cap is $667.35 million. Eclipse Resources Corporation has a 12 month low of $1.60 and a 12 month high of $3.66. The stock’s 50 day moving average is $2.35 and its 200-day moving average is $2.41.

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In other news, COO Oleg E. Tolmachev sold 20,000 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $1,089,474.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in shares of Eclipse Resources Corporation by 51.2% during the second 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 during the last quarter. Rubric Capital Management LP lifted its position in Eclipse Resources Corporation by 47.6% during the second quarter. Rubric Capital Management LP now owns 2,509,400 shares of the energy producer’s stock valued at $7,177,000 after purchasing an additional 809,400 shares during the period. TIAA CREF Investment Management LLC lifted its position in Eclipse Resources Corporation by 185.2% during the second quarter. TIAA CREF Investment Management LLC now owns 1,124,592 shares of the energy producer’s stock valued at $3,216,000 after purchasing an additional 730,285 shares during the period. AQR Capital Management LLC lifted its position in Eclipse Resources Corporation by 107.8% during the first 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 during the period. Finally, State Street Corp lifted its position in Eclipse Resources Corporation by 46.6% during the second quarter. State Street Corp now owns 1,253,137 shares of the energy producer’s stock valued at $3,583,000 after purchasing an additional 398,046 shares during the period. Hedge funds and other institutional investors 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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