Eclipse Resources Corporation (ECR) Getting Somewhat Favorable Media Coverage, Analysis Shows
News stories about Eclipse Resources Corporation (NYSE:ECR) have been trending somewhat positive on Wednesday, Accern Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Eclipse Resources Corporation earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave media coverage about the energy producer an impact score of 46.0010171611673 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
- $89.74 Million in Sales Expected for Eclipse Resources Corporation (ECR) This Quarter (americanbankingnews.com)
- Eclipse Resources Corp. breached its 50 day moving average in a Bearish Manner : ECR-US : October 17, 2017 (finance.yahoo.com)
- Eclipse Resources Corporation (ECR) Stock Price trades -0.80% off from 200- SMA – Voice Of Analysts (analystsbuzz.com)
- Eclipse Resources Corporation Schedules Third Quarter 2017 Financial and Operational Results Conference Call – Business Wire (press release) (businesswire.com)
Shares of Eclipse Resources Corporation (ECR) traded down 1.082% during trading on Wednesday, reaching $2.285. 302,226 shares of the company traded hands. Eclipse Resources Corporation has a 52 week low of $1.60 and a 52 week high of $3.57. The company’s market capitalization is $600.36 million. The firm’s 50 day moving average price is $2.42 and its 200-day moving average price is $2.43.
Several brokerages have issued reports on ECR. Barclays PLC reissued a “neutral” rating on shares of Eclipse Resources Corporation in a research note on Friday, July 7th. 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. Stifel Nicolaus reaffirmed a “buy” rating and set a $4.00 price target on shares of Eclipse Resources Corporation in a research note on Thursday, September 14th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $3.50 price target on shares of Eclipse Resources Corporation in a research note on Friday, September 15th. Finally, Seaport Global Securities downgraded shares of Eclipse Resources Corporation from a “buy” rating to a “neutral” rating and decreased their price target for the company from $3.25 to $2.75 in a research note on Wednesday, June 21st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $2.96.
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In other Eclipse Resources Corporation news, COO Oleg E. Tolmachev sold 20,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $2.57, for a total transaction 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 document filed with the SEC, which is available through this link. 1.10% of the stock is owned by corporate insiders.
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.
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