News headlines about Eclipse Resources (NYSE:ECR) have trended somewhat positive this week, according to Accern Sentiment. The research group rates the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Eclipse Resources earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media coverage about the energy producer an impact score of 45.1356661232606 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Several analysts have recently commented on ECR shares. Johnson Rice upgraded Eclipse Resources from an “accumulate” rating to a “buy” rating in a research note on Monday, December 11th. Seaport Global Securities upgraded Eclipse Resources from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 19th. BMO Capital Markets set a $3.00 price target on Eclipse Resources and gave the company a “hold” rating in a research note on Tuesday, October 10th. Stifel Nicolaus set a $5.00 price target on Eclipse Resources and gave the company a “buy” rating in a research note on Thursday, October 5th. Finally, Scotiabank reiterated a “hold” rating and set a $3.00 price target on shares of Eclipse Resources in a research note on Friday, November 10th. Two analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. Eclipse Resources has an average rating of “Hold” and a consensus target price of $2.96.
Shares of Eclipse Resources (ECR) opened at $2.47 on Wednesday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.85. The company has a market cap of $669.99, a P/E ratio of -16.47 and a beta of 3.06. Eclipse Resources has a 1-year low of $1.60 and a 1-year high of $3.10.
Eclipse Resources (NYSE:ECR) last issued its earnings results on Wednesday, November 8th. The energy producer reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. Eclipse Resources had a negative net margin of 11.46% and a negative return on equity of 3.00%. The business had revenue of $91.55 million for the quarter, compared to analysts’ expectations of $90.67 million. During the same quarter in the previous year, the firm posted ($0.10) EPS. The business’s revenue for the quarter was up 68.4% compared to the same quarter last year. analysts expect that Eclipse Resources will post -0.07 earnings per share for the current fiscal year.
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About Eclipse Resources
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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