Wall Street analysts expect Eclipse Resources Corp (NYSE:ECR) to announce earnings of $0.04 per share for the current quarter, Zacks reports. Three analysts have issued estimates for Eclipse Resources’ earnings, with estimates ranging from $0.00 to $0.06. Eclipse Resources posted earnings per share of $0.02 during the same quarter last year, which would indicate a positive year-over-year growth rate of 100%. The business is expected to report its next earnings results on Wednesday, February 27th.
On average, analysts expect that Eclipse Resources will report full year earnings of $0.11 per share for the current fiscal year, with EPS estimates ranging from $0.07 to $0.14. For the next financial year, analysts forecast that the firm will report earnings of $0.06 per share, with EPS estimates ranging from ($0.02) to $0.11. Zacks’ EPS averages are an average based on a survey of research analysts that follow Eclipse Resources.
Several equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Eclipse Resources from a “hold” rating to a “buy” rating and set a $1.25 target price for the company in a research report on Tuesday, October 23rd. Capital One Financial downgraded shares of Eclipse Resources from an “overweight” rating to an “underweight” rating in a research report on Thursday, December 20th. One analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Eclipse Resources has a consensus rating of “Hold” and an average price target of $1.68.
ECR opened at $1.04 on Friday. The stock has a market capitalization of $314.64 million, a PE ratio of -26.00 and a beta of 2.05. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.78 and a quick ratio of 0.78. Eclipse Resources has a twelve month low of $0.74 and a twelve month high of $1.96.
About Eclipse Resources
Eclipse Resources Corporation, an independent exploration and production company, acquires and develops oil and natural gas properties in the Appalachian Basin. The company holds interests in the Utica Shale and Marcellus Shale areas. As of December 31, 2017, it had an acreage position approximately covering an area of 203,000 net acres in Eastern Ohio.
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