Zacks: Brokerages Anticipate Eclipse Resources Corp (ECR) to Post $0.04 EPS

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.

Institutional investors and hedge funds have recently bought and sold shares of the business. Prudential Financial Inc. acquired a new stake in shares of Eclipse Resources during the fourth quarter worth about $36,000. Rhumbline Advisers increased its position in shares of Eclipse Resources by 35.2% during the fourth quarter. Rhumbline Advisers now owns 116,008 shares of the energy producer’s stock worth $122,000 after purchasing an additional 30,220 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Eclipse Resources during the fourth quarter worth approximately $130,000. Teachers Advisors LLC grew its holdings in Eclipse Resources by 45.3% in the 3rd quarter. Teachers Advisors LLC now owns 253,695 shares of the energy producer’s stock valued at $302,000 after buying an additional 79,096 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in Eclipse Resources by 24.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 462,087 shares of the energy producer’s stock valued at $740,000 after buying an additional 91,767 shares in the last quarter. Institutional investors own 78.99% of the company’s stock.

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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