Capital One Financial upgraded shares of Eclipse Resources (NYSE:ECR) from an equal weight rating to an overweight rating in a report issued on Tuesday, Marketbeat reports. Capital One Financial also issued estimates for Eclipse Resources’ Q3 2018 earnings at ($0.02) EPS, Q4 2018 earnings at ($0.02) EPS and FY2018 earnings at ($0.01) EPS.

ECR has been the subject of a number of other reports. Zacks Investment Research upgraded 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 research report on Monday, May 14th. Stifel Nicolaus began coverage on shares of Eclipse Resources in a research report on Tuesday, May 22nd. They issued a hold rating and a $1.50 price target for the company. ValuEngine upgraded shares of Eclipse Resources from a sell rating to a hold rating in a research report on Wednesday, May 9th. Finally, KLR Group reiterated a buy rating and issued a $2.00 price target on shares of Eclipse Resources in a research report on Monday, August 20th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $2.42.

NYSE ECR opened at $1.40 on Tuesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.67 and a quick ratio of 0.67. Eclipse Resources has a 1-year low of $1.23 and a 1-year high of $2.79. The company has a market capitalization of $438.37 million, a PE ratio of -35.00 and a beta of 2.89.

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, beating analysts’ consensus estimates 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 company had revenue of $103.62 million during the quarter, compared to the consensus estimate of $97.53 million. sell-side analysts anticipate that Eclipse Resources will post -0.05 earnings per share for the current year.

A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. increased its stake in Eclipse Resources by 4.6% in the second quarter. BlackRock Inc. now owns 6,964,346 shares of the energy producer’s stock valued at $11,143,000 after acquiring an additional 307,358 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in 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 valued at $6,968,000 after acquiring an additional 159,937 shares during the last quarter. Russell Investments Group Ltd. increased its stake in 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 valued at $4,665,000 after acquiring an additional 716,264 shares during the last quarter. Rubric Capital Management LP increased its stake in 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 valued at $4,607,000 after acquiring an additional 499,478 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in Eclipse Resources by 3.6% in the second quarter. Renaissance Technologies LLC now owns 2,849,501 shares of the energy producer’s stock valued at $4,559,000 after acquiring an additional 100,287 shares during the last quarter. 78.91% of the stock is currently owned by institutional investors and hedge funds.

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.

Read More: Outstanding Shares, Buying and Selling Stocks

Analyst Recommendations for Eclipse Resources (NYSE:ECR)

Receive News & Ratings for Eclipse Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eclipse Resources and related companies with MarketBeat.com's FREE daily email newsletter.