Eclipse Resources Corporation (NYSE:ECR) issued its quarterly earnings data on Wednesday, November 8th. The energy producer reported ($0.02) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.02, Bloomberg Earnings reports. The firm had revenue of $91.55 million during the quarter, compared to analysts’ expectations of $90.67 million. Eclipse Resources Corporation had a negative net margin of 11.46% and a negative return on equity of 3.00%. Eclipse Resources Corporation’s revenue for the quarter was up 68.4% on a year-over-year basis. During the same period in the prior year, the company posted ($0.10) earnings per share.
Eclipse Resources Corporation (NYSE:ECR) traded up $0.05 during trading hours on Friday, reaching $2.60. 721,175 shares of the company traded hands, compared to its average volume of 836,657. Eclipse Resources Corporation has a 52-week low of $1.60 and a 52-week high of $3.32. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.62 and a quick ratio of 0.62.
ECR has been the subject of a number of recent research reports. Goldman Sachs Group, Inc. (The) cut shares of Eclipse Resources Corporation from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $2.25 to $1.50 in a report on Friday, September 8th. Scotiabank set a $4.00 price target on shares of Eclipse Resources Corporation and gave the company a “hold” rating in a report on Thursday, August 3rd. BMO Capital Markets set a $3.00 price target on shares of Eclipse Resources Corporation and gave the company a “hold” rating in a report on Tuesday, October 10th. BidaskClub cut shares of Eclipse Resources Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Finally, Stifel Nicolaus set a $5.00 price target on shares of Eclipse Resources Corporation and gave the company a “buy” rating in a report on Thursday, October 5th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $2.87.
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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