Eclipse Resources Corporation (ECR) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Eclipse Resources Corporation (NYSE:ECR) have been given a consensus recommendation of “Hold” by the thirteen brokerages that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $2.96.

Several equities research analysts have weighed in on ECR shares. Stifel Nicolaus set a $5.00 price target on shares of Eclipse Resources Corporation and gave the company a “buy” rating in a research note on Thursday, October 5th. Zacks Investment Research raised shares of Eclipse Resources Corporation from a “hold” rating to a “buy” rating and set a $3.00 price target for the company in a research note on Tuesday, October 3rd. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $3.50 price target on shares of Eclipse Resources Corporation in a research note on Friday, September 15th. KeyCorp set a $3.00 price target on shares of Eclipse Resources Corporation and gave the company a “buy” rating in a research note on Thursday, October 19th. Finally, Barclays PLC lifted their price target on shares of Eclipse Resources Corporation from $2.50 to $3.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 8th.

Shares of Eclipse Resources Corporation (NYSE:ECR) traded down 0.45% during trading on Thursday, reaching $2.22. 603,538 shares of the company were exchanged. Eclipse Resources Corporation has a 52-week low of $1.60 and a 52-week high of $3.32. The stock’s 50-day moving average is $2.40 and its 200-day moving average is $2.41. The firm’s market cap is $583.28 million.

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In other news, COO Oleg E. Tolmachev sold 20,000 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $2.57, for a total transaction of $51,400.00. Following the completion of the sale, the chief operating officer now directly owns 423,920 shares of the company’s stock, valued at $1,089,474.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.10% of the company’s stock.

Large investors have recently bought and sold shares of the company. Sanders Morris Harris LLC boosted its holdings in Eclipse Resources Corporation by 3.3% during the third quarter. Sanders Morris Harris LLC now owns 5,321,705 shares of the energy producer’s stock worth $13,304,000 after purchasing an additional 172,000 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Eclipse Resources Corporation by 7.1% during the second quarter. Vanguard Group Inc. now owns 5,318,834 shares of the energy producer’s stock worth $15,212,000 after purchasing an additional 354,229 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Eclipse Resources Corporation by 51.2% during the second quarter. Dimensional Fund Advisors LP now owns 3,037,907 shares of the energy producer’s stock worth $8,690,000 after purchasing an additional 1,028,904 shares during the last quarter. Rubric Capital Management LP boosted its holdings in Eclipse Resources Corporation by 47.6% during the second quarter. Rubric Capital Management LP now owns 2,509,400 shares of the energy producer’s stock worth $7,177,000 after purchasing an additional 809,400 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Eclipse Resources Corporation by 15.0% during the first quarter. Ameriprise Financial Inc. now owns 1,802,673 shares of the energy producer’s stock worth $4,578,000 after purchasing an additional 234,600 shares during the last quarter. 93.75% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Eclipse Resources Corporation (NYSE:ECR)

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