Eclipse Resources Corporation (NYSE:ECR) Lifted to Hold at ValuEngine

Eclipse Resources Corporation (NYSE:ECR) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday, July 11th.

A number of other analysts have also recently issued reports on ECR. Zacks Investment Research cut shares of Eclipse Resources Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, March 14th. Stifel Nicolaus initiated coverage on shares of Eclipse Resources Corporation in a research report on Thursday, March 23rd. They set a “buy” rating and a $4.00 price target on the stock. Scotiabank reaffirmed a “hold” rating and set a $3.50 price target on shares of Eclipse Resources Corporation in a research report on Monday, March 27th. Barclays PLC reissued an “equal weight” rating and issued a $2.50 target price (down from $3.00) on shares of Eclipse Resources Corporation in a report on Saturday, April 22nd. Finally, BMO Capital Markets reissued a “hold” rating and issued a $3.00 target price on shares of Eclipse Resources Corporation in a report on Friday, May 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. Eclipse Resources Corporation currently has a consensus rating of “Hold” and an average target price of $3.56.

Eclipse Resources Corporation (NYSE ECR) opened at 2.40 on Tuesday. The stock’s market cap is $630.57 million. Eclipse Resources Corporation has a 52 week low of $1.60 and a 52 week high of $3.81. The firm’s 50 day moving average price is $2.71 and its 200-day moving average price is $2.43.

ILLEGAL ACTIVITY NOTICE: “Eclipse Resources Corporation (NYSE:ECR) Lifted to Hold at ValuEngine” was originally posted by Community Financial News and is the property of of Community Financial News. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this story can be accessed at https://www.com-unik.info/2017/08/12/valuengine-upgrades-eclipse-resources-corporation-nyseecr-to-hold-updated-updated-updated.html.

In other news, insider Benjamin Ward Hulburt sold 75,000 shares of Eclipse Resources Corporation stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $2.50, for a total value of $187,500.00. Following the completion of the sale, the insider now owns 1,321,958 shares in the company, valued at approximately $3,304,895. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Oleg E. Tolmachev sold 20,000 shares of the business’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $2.30, for a total transaction of $46,000.00. Following the sale, the chief operating officer now owns 443,920 shares of the company’s stock, valued at approximately $1,021,016. The disclosure for this sale can be found here. Insiders sold a total of 145,000 shares of company stock valued at $353,900 in the last quarter. 1.10% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Eclipse Resources Corporation by 7.1% in the second quarter. Vanguard Group Inc. now owns 5,318,834 shares of the energy producer’s stock worth $15,212,000 after buying an additional 354,229 shares during the period. Sanders Morris Harris Inc. raised its stake in Eclipse Resources Corporation by 2.7% in the first quarter. Sanders Morris Harris Inc. now owns 5,170,705 shares of the energy producer’s stock valued at $13,133,000 after buying an additional 135,885 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Eclipse Resources Corporation by 51.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,037,907 shares of the energy producer’s stock valued at $8,690,000 after buying an additional 1,028,904 shares during the last quarter. Boston Partners raised its stake in Eclipse Resources Corporation by 18.9% in the first quarter. Boston Partners now owns 2,665,040 shares of the energy producer’s stock valued at $6,769,000 after buying an additional 423,101 shares during the last quarter. Finally, Rubric Capital Management LP raised its stake in Eclipse Resources Corporation by 47.6% in the second quarter. Rubric Capital Management LP now owns 2,509,400 shares of the energy producer’s stock valued at $7,177,000 after buying an additional 809,400 shares during the last quarter. Institutional investors and hedge funds own 92.38% of the company’s stock.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Eclipse Resources Corporation (NYSE:ECR)

What are top analysts saying about Eclipse Resources Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Eclipse Resources Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit