Eclipse Resources Corporation (ECR) Receives $3.56 Average Target Price from Brokerages

Shares of Eclipse Resources Corporation (NYSE:ECR) have earned an average recommendation of “Hold” from the thirteen analysts that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $3.37.

A number of research analysts have recently commented on the company. BMO Capital Markets restated a “hold” rating and issued a $3.00 target price on shares of Eclipse Resources Corporation in a research note on Monday, May 15th. Barclays PLC restated a “neutral” rating on shares of Eclipse Resources Corporation in a research note on Friday, July 7th. Royal Bank Of Canada set a $4.00 target price on Eclipse Resources Corporation and gave the company a “buy” rating in a research note on Saturday, June 3rd. KLR Group set a $4.00 target price on Eclipse Resources Corporation and gave the company a “buy” rating in a research note on Wednesday, June 7th. Finally, Seaport Global Securities cut Eclipse Resources Corporation from a “buy” rating to a “neutral” rating and lowered their target price for the company from $3.25 to $2.75 in a research note on Wednesday, June 21st.

Shares of Eclipse Resources Corporation (ECR) traded down 11.98% during trading on Wednesday, hitting $2.13. The stock had a trading volume of 1,718,895 shares. Eclipse Resources Corporation has a 52 week low of $1.60 and a 52 week high of $3.66. The stock’s market capitalization is $559.63 million. The firm has a 50 day moving average price of $2.43 and a 200-day moving average price of $2.40.

In other Eclipse Resources Corporation news, COO Oleg E. Tolmachev sold 20,000 shares of Eclipse Resources Corporation stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $2.57, for a total transaction of $51,400.00. Following the completion of the transaction, the chief operating officer now owns 423,920 shares in the company, valued at $1,089,474.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in shares of Eclipse Resources Corporation by 0.7% in the second quarter. JPMorgan Chase & Co. now owns 762,388 shares of the energy producer’s stock worth $2,180,000 after purchasing an additional 5,338 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Eclipse Resources Corporation by 5.1% in the second quarter. Goldman Sachs Group Inc. now owns 155,204 shares of the energy producer’s stock worth $444,000 after purchasing an additional 7,489 shares during the last quarter. New York State Common Retirement Fund raised its stake in shares of Eclipse Resources Corporation by 27.5% in the second quarter. New York State Common Retirement Fund now owns 56,100 shares of the energy producer’s stock worth $160,000 after purchasing an additional 12,099 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Eclipse Resources Corporation by 2.2% in the first quarter. Geode Capital Management LLC now owns 645,200 shares of the energy producer’s stock worth $1,638,000 after purchasing an additional 13,743 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Eclipse Resources Corporation by 6.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 271,160 shares of the energy producer’s stock worth $689,000 after purchasing an additional 17,100 shares during the last quarter. Hedge funds and other institutional investors own 93.66% of the company’s stock.

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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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