Eclipse Resources (NYSE:ECR) had its price target dropped by research analysts at Stifel Nicolaus from $1.70 to $1.40 in a research report issued to clients and investors on Friday. The firm currently has a “hold” rating on the energy producer’s stock.

Several other brokerages also recently issued reports on ECR. KLR Group reissued a “buy” rating and set a $2.00 price target on shares of Eclipse Resources in a report on Monday, August 20th. ValuEngine raised shares of Eclipse Resources from a “sell” rating to a “hold” rating in a report on Wednesday, May 9th. Zacks Investment Research raised shares of Eclipse Resources from a “hold” rating to a “strong-buy” rating and set a $1.75 price target for the company in a report on Monday, August 20th. Finally, Capital One Financial raised shares of Eclipse Resources from an “equal weight” rating to an “overweight” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $2.41.

Shares of ECR stock opened at $1.40 on Friday. Eclipse Resources has a 12-month low of $1.23 and a 12-month high of $2.79. The stock has a market cap of $438.37 million, a P/E ratio of -35.00 and a beta of 2.89. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.86.

Eclipse Resources (NYSE:ECR) last announced its quarterly earnings results on Thursday, August 2nd. The energy producer reported $0.01 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $103.62 million during the quarter, compared to the consensus estimate of $97.53 million. equities research analysts expect that Eclipse Resources will post -0.05 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its stake in shares of Eclipse Resources by 4.6% in the second quarter. BlackRock Inc. now owns 6,964,346 shares of the energy producer’s stock worth $11,143,000 after acquiring an additional 307,358 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Eclipse Resources by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 4,838,570 shares of the energy producer’s stock worth $6,968,000 after acquiring an additional 159,937 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Eclipse Resources by 28.4% in the first quarter. Russell Investments Group Ltd. now owns 3,239,301 shares of the energy producer’s stock worth $4,665,000 after acquiring an additional 716,264 shares during the last quarter. Rubric Capital Management LP raised its stake in shares of Eclipse Resources by 18.5% in the first quarter. Rubric Capital Management LP now owns 3,199,478 shares of the energy producer’s stock worth $4,607,000 after acquiring an additional 499,478 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Eclipse Resources by 3.6% in the second quarter. Renaissance Technologies LLC now owns 2,849,501 shares of the energy producer’s stock worth $4,559,000 after acquiring an additional 100,287 shares during the last quarter. 78.91% of the stock is owned by institutional investors.

About Eclipse Resources

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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Analyst Recommendations for Eclipse Resources (NYSE:ECR)

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