Eclipse Resources Corporation (NYSE:ECR) – Analysts at Seaport Global Securities decreased their FY2017 EPS estimates for Eclipse Resources Corporation in a research note issued to investors on Tuesday, according to Zacks Investment Research. Seaport Global Securities analyst M. Kelly now expects that the energy producer will post earnings of ($0.10) per share for the year, down from their previous forecast of ($0.09). Seaport Global Securities also issued estimates for Eclipse Resources Corporation’s Q4 2017 earnings at ($0.03) EPS, Q1 2018 earnings at $0.00 EPS, Q2 2018 earnings at ($0.05) EPS, Q3 2018 earnings at ($0.02) EPS, Q4 2018 earnings at $0.02 EPS and FY2018 earnings at ($0.05) EPS.
Other analysts have also issued research reports about the company. Stifel Nicolaus set a $5.00 price objective on Eclipse Resources Corporation and gave the stock a “buy” rating in a research report on Thursday, October 5th. Zacks Investment Research upgraded shares of Eclipse Resources Corporation from a “hold” rating to a “buy” rating and set a $3.00 target price for the company in a research note on Tuesday, October 3rd. Royal Bank Of Canada reiterated a “buy” rating and set a $3.50 target price on shares of Eclipse Resources Corporation in a research note on Friday, September 15th. KeyCorp set a $3.00 target price on shares of Eclipse Resources Corporation and gave the stock a “buy” rating in a research note on Thursday, October 19th. Finally, Barclays PLC boosted their target price on shares of Eclipse Resources Corporation from $2.50 to $3.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $2.87.
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Eclipse Resources Corporation (NYSE ECR) traded up $0.05 during trading on Thursday, hitting $2.61. The stock had a trading volume of 867,800 shares, compared to its average volume of 549,534. Eclipse Resources Corporation has a 1-year low of $1.60 and a 1-year high of $3.32. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.25 and a current ratio of 1.25.
Eclipse Resources Corporation (NYSE:ECR) last posted its quarterly earnings data on Wednesday, November 8th. The energy producer reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. Eclipse Resources Corporation had a negative return on equity of 3.01% and a negative net margin of 11.46%. The business had revenue of $91.55 million for the quarter, compared to analyst estimates of $90.67 million. During the same quarter in the prior year, the company earned ($0.10) earnings per share. The company’s revenue was up 68.4% on a year-over-year basis.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Macquarie Group Ltd. acquired a new position in Eclipse Resources Corporation in the third quarter valued at $101,000. Voya Investment Management LLC boosted its stake in Eclipse Resources Corporation by 83.3% in the second quarter. Voya Investment Management LLC now owns 38,699 shares of the energy producer’s stock valued at $111,000 after acquiring an additional 17,591 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in Eclipse Resources Corporation by 99.3% in the first quarter. UBS Asset Management Americas Inc. now owns 57,000 shares of the energy producer’s stock valued at $145,000 after acquiring an additional 28,400 shares in the last quarter. New York State Common Retirement Fund boosted its stake in 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 valued at $160,000 after acquiring an additional 12,099 shares in the last quarter. Finally, Virtu KCG Holdings LLC boosted its stake in Eclipse Resources Corporation by 474.2% in the second quarter. Virtu KCG Holdings LLC now owns 64,394 shares of the energy producer’s stock valued at $184,000 after acquiring an additional 53,179 shares in the last quarter. Institutional investors own 93.75% of the company’s stock.
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.
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