Wall Street analysts expect that Eclipse Resources Corp (NYSE:ECR) will report earnings of ($0.03) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Eclipse Resources’ earnings, with the highest EPS estimate coming in at $0.00 and the lowest estimate coming in at ($0.05). Eclipse Resources reported earnings of ($0.02) per share in the same quarter last year, which suggests a negative year over year growth rate of 50%. The company is expected to announce its next quarterly earnings report on Wednesday, November 14th.

On average, analysts expect that Eclipse Resources will report full year earnings of ($0.01) per share for the current year, with EPS estimates ranging from ($0.04) to $0.05. For the next fiscal year, analysts expect that the business will report earnings of $0.07 per share, with EPS estimates ranging from ($0.01) to $0.13. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Eclipse Resources.

Eclipse Resources (NYSE:ECR) last released its quarterly earnings results on Thursday, August 2nd. The energy producer reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.04. Eclipse Resources had a negative net margin of 12.57% and a positive return on equity of 0.53%. The business had revenue of $103.62 million for the quarter, compared to analysts’ expectations of $97.53 million.

ECR has been the topic of several analyst reports. KLR Group restated a “buy” rating and set a $2.00 price target on shares of Eclipse Resources in a report on Monday, August 20th. Zacks Investment Research cut shares of Eclipse Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 8th. Stifel Nicolaus restated a “hold” rating and set a $1.50 price target on shares of Eclipse Resources in a report on Friday, June 1st. ValuEngine upgraded shares of Eclipse Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, May 9th. Finally, Capital One Financial upgraded shares of Eclipse Resources from an “equal weight” rating to an “overweight” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Eclipse Resources currently has a consensus rating of “Buy” and an average target price of $2.42.

Eclipse Resources stock opened at $1.45 on Friday. Eclipse Resources has a fifty-two week low of $1.23 and a fifty-two week high of $2.79. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.67 and a current ratio of 0.67.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ECR. Mackay Shields LLC purchased a new position in Eclipse Resources in the first quarter valued at about $139,000. Signaturefd LLC purchased a new position in Eclipse Resources in the second quarter valued at about $160,000. Cubist Systematic Strategies LLC boosted its stake in Eclipse Resources by 485.8% in the first quarter. Cubist Systematic Strategies LLC now owns 142,694 shares of the energy producer’s stock valued at $205,000 after acquiring an additional 118,337 shares during the last quarter. Millennium Management LLC boosted its stake in Eclipse Resources by 552.0% in the first quarter. Millennium Management LLC now owns 200,718 shares of the energy producer’s stock valued at $289,000 after acquiring an additional 169,932 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in Eclipse Resources by 126.2% in the fourth quarter. Deutsche Bank AG now owns 212,197 shares of the energy producer’s stock valued at $508,000 after acquiring an additional 118,371 shares during the last quarter. Hedge funds and other institutional investors own 78.91% of the company’s stock.

Eclipse Resources Company Profile

Eclipse Resources Corporation, an independent exploration and production company, acquires and develops oil and natural gas properties in the Appalachian Basin. The company holds interests in the Utica Shale and Marcellus Shale areas. As of December 31, 2017, it had an acreage position approximately covering an area of 203,000 net acres in Eastern Ohio.

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