Shares of Eclipse Resources Corp (NYSE:ECR) have been given an average recommendation of “Hold” by the fourteen research firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $3.31.
A number of research firms have recently weighed in on ECR. Seaport Global Securities raised Eclipse Resources from a “neutral” rating to a “buy” rating in a report on Tuesday, December 19th. Scotiabank set a $4.00 target price on Eclipse Resources and gave the stock a “hold” rating in a report on Tuesday, December 12th. Johnson Rice raised Eclipse Resources from an “accumulate” rating to a “buy” rating in a report on Monday, December 11th. Capital One Financial reissued an “equal weight” rating on shares of Eclipse Resources in a report on Thursday, November 9th. Finally, KeyCorp set a $3.00 target price on Eclipse Resources and gave the stock a “buy” rating in a report on Thursday, October 19th.
Eclipse Resources (NYSE ECR) traded down $0.12 on Friday, hitting $1.74. The stock had a trading volume of 1,032,348 shares, compared to its average volume of 742,024. Eclipse Resources has a 12 month low of $1.60 and a 12 month high of $3.10. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $476.87, a P/E ratio of -10.88 and a beta of 2.75.
A number of hedge funds and other institutional investors have recently modified their holdings of ECR. Macquarie Group Ltd. acquired a new position in Eclipse Resources during the third quarter worth about $101,000. Voya Investment Management LLC raised its stake in Eclipse Resources by 83.3% during the second quarter. Voya Investment Management LLC now owns 38,699 shares of the energy producer’s stock worth $111,000 after acquiring an additional 17,591 shares in the last quarter. GSA Capital Partners LLP raised its stake in Eclipse Resources by 120.5% during the third quarter. GSA Capital Partners LLP now owns 45,304 shares of the energy producer’s stock worth $113,000 after acquiring an additional 24,754 shares in the last quarter. Engineers Gate Manager LP acquired a new position in Eclipse Resources during the fourth quarter worth about $113,000. Finally, Bank of Montreal Can acquired a new position in Eclipse Resources during the fourth quarter worth about $117,000. 92.47% of the stock is owned by hedge funds and other institutional investors.
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Eclipse Resources 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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