Eclipse Resources Corporation (NYSE:ECR) will be announcing its earnings results after the market closes on Wednesday, November 8th. Analysts expect the company to announce earnings of ($0.03) per share for the quarter.
Shares of Eclipse Resources Corporation (NYSE:ECR) opened at $2.41 on Monday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.25 and a current ratio of 1.25.
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In other Eclipse Resources Corporation news, COO Oleg E. Tolmachev sold 20,000 shares of Eclipse Resources Corporation 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 sale, the chief operating officer now owns 423,920 shares of the company’s stock, valued at approximately $1,089,474.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.
Several analysts recently commented on ECR shares. Barclays PLC set a $2.50 price objective on Eclipse Resources Corporation and gave the stock a “hold” rating in a research note on Wednesday, October 11th. ValuEngine downgraded Eclipse Resources Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Zacks Investment Research raised Eclipse Resources Corporation from a “hold” rating to a “buy” rating and set a $3.00 price objective on the stock in a research note on Tuesday, October 3rd. Stifel Nicolaus set a $5.00 price objective on Eclipse Resources Corporation and gave the stock a “buy” rating in a research note on Thursday, October 5th. Finally, Scotiabank set a $4.00 price objective on Eclipse Resources Corporation and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $2.96.
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.
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