Eclipse Resources Corporation (ECR) Given Average Recommendation of “Hold” by Analysts

Eclipse Resources Corporation (NYSE:ECR) has been assigned an average recommendation of “Hold” from the twelve analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $3.56.

ECR has been the subject of a number of research reports. Barclays PLC restated an “equal weight” rating and issued a $2.50 target price (down from $3.00) on shares of Eclipse Resources Corporation in a research note on Saturday, April 22nd. Scotiabank set a $4.00 price target on Eclipse Resources Corporation and gave the company a “hold” rating in a report on Thursday, August 3rd. Stifel Nicolaus reiterated a “buy” rating and issued a $5.00 price target (up previously from $4.00) on shares of Eclipse Resources Corporation in a report on Monday, June 19th. BidaskClub cut Eclipse Resources Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Finally, ValuEngine upgraded Eclipse Resources Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th.

In other Eclipse Resources Corporation news, CFO Matthew R. Denezza sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $2.30, for a total transaction of $69,000.00. Following the transaction, the chief financial officer now owns 573,683 shares in the company, valued at $1,319,470.90. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO Oleg E. Tolmachev sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $2.57, for a total value of $51,400.00. Following the transaction, the chief operating officer now owns 423,920 shares in the company, valued at approximately $1,089,474.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 145,000 shares of company stock worth $353,900. Company insiders own 1.10% of the company’s stock.

A number of institutional investors have recently modified their holdings of ECR. Ameriprise Financial Inc. boosted its position in shares of Eclipse Resources Corporation by 15.0% in the first quarter. Ameriprise Financial Inc. now owns 1,802,673 shares of the energy producer’s stock worth $4,578,000 after buying an additional 234,600 shares during the period. Boston Partners boosted its position in shares of Eclipse Resources Corporation by 18.9% in the first quarter. Boston Partners now owns 2,665,040 shares of the energy producer’s stock worth $6,769,000 after buying an additional 423,101 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Eclipse Resources Corporation by 8.7% in the first quarter. Bank of New York Mellon Corp now owns 392,498 shares of the energy producer’s stock worth $997,000 after buying an additional 31,451 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Eclipse Resources Corporation by 91.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,620,079 shares of the energy producer’s stock worth $4,326,000 after buying an additional 775,229 shares during the period. Finally, State Street Corp boosted its position in shares of Eclipse Resources Corporation by 8.9% in the fourth quarter. State Street Corp now owns 857,405 shares of the energy producer’s stock worth $2,289,000 after buying an additional 70,069 shares during the period. Hedge funds and other institutional investors own 92.38% of the company’s stock.

Shares of Eclipse Resources Corporation (NYSE ECR) opened at 2.40 on Friday. Eclipse Resources Corporation has a 12-month low of $1.60 and a 12-month high of $3.81. The company has a 50-day moving average of $2.71 and a 200 day moving average of $2.43. The firm’s market cap is $630.57 million.

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About Eclipse Resources Corporation

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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