Eclipse Resources Corporation (NYSE:ECR)‘s stock had its “buy” rating reissued by investment analysts at Stifel Nicolaus in a research report issued on Thursday, September 14th. They presently have a $4.00 price target on the energy producer’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 63.93% from the stock’s current price.
ECR has been the topic of a number of other research reports. ValuEngine lowered Eclipse Resources Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Barclays PLC reaffirmed a “hold” rating and issued a $3.00 price objective on shares of Eclipse Resources Corporation in a report on Wednesday, May 24th. Scotiabank set a $4.00 price objective on Eclipse Resources Corporation and gave the company a “hold” rating in a report on Thursday, August 3rd. BMO Capital Markets reaffirmed a “hold” rating and issued a $3.00 price objective on shares of Eclipse Resources Corporation in a report on Friday, August 4th. Finally, KLR Group set a $4.00 price target on Eclipse Resources Corporation and gave the stock a “buy” rating in a research note on Wednesday, June 7th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $3.24.
Eclipse Resources Corporation (NYSE:ECR) traded up 0.82% during trading on Thursday, reaching $2.46. The company’s stock had a trading volume of 190,087 shares. Eclipse Resources Corporation has a 12-month low of $1.60 and a 12-month high of $3.66. The firm’s 50-day moving average price is $2.36 and its 200 day moving average price is $2.40. The company’s market capitalization is $646.34 million.
In other Eclipse Resources Corporation news, COO Oleg E. Tolmachev sold 20,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $2.57, for a total value of $51,400.00. Following the completion of the transaction, the chief operating officer now directly owns 423,920 shares in the company, valued at approximately $1,089,474.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.10% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Ameriprise Financial Inc. grew its stake in shares of Eclipse Resources Corporation by 15.0% during the 1st quarter. Ameriprise Financial Inc. now owns 1,802,673 shares of the energy producer’s stock valued at $4,578,000 after buying an additional 234,600 shares during the period. Bank of New York Mellon Corp boosted its position in Eclipse Resources Corporation by 8.7% during the 1st quarter. Bank of New York Mellon Corp now owns 392,498 shares of the energy producer’s stock worth $997,000 after purchasing an additional 31,451 shares during the period. Dimensional Fund Advisors LP boosted its position in Eclipse Resources Corporation by 24.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,009,003 shares of the energy producer’s stock worth $5,101,000 after purchasing an additional 388,924 shares during the period. AQR Capital Management LLC boosted its position in Eclipse Resources Corporation by 107.8% during the 1st quarter. AQR Capital Management LLC now owns 1,015,502 shares of the energy producer’s stock worth $2,580,000 after purchasing an additional 526,735 shares during the period. Finally, Alambic Investment Management L.P. purchased a new stake in Eclipse Resources Corporation during the 1st quarter worth $292,000. 93.66% of the stock is owned by institutional investors.
About Eclipse Resources Corporation
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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