Stifel Nicolaus Analysts Give Eclipse Resources Corporation (ECR) a $5.00 Price Target

Stifel Nicolaus set a $5.00 price target on Eclipse Resources Corporation (NYSE:ECR) in a research note released on Thursday morning. The brokerage currently has a buy rating on the energy producer’s stock.

Other equities analysts also recently issued research reports about the company. Goldman Sachs Group, Inc. (The) downgraded Eclipse Resources Corporation from a neutral rating to a sell rating and cut their price objective for the company from $2.25 to $1.50 in a research report on Friday, September 8th. Seaport Global Securities downgraded Eclipse Resources Corporation from a buy rating to a neutral rating and cut their price objective for the company from $3.25 to $2.75 in a research report on Wednesday, June 21st. BidaskClub downgraded Eclipse Resources Corporation from a hold rating to a sell rating in a research report on Tuesday, July 25th. Royal Bank Of Canada reiterated a buy rating and issued a $3.50 price objective on shares of Eclipse Resources Corporation in a research report on Friday, September 15th. Finally, KLR Group set a $4.00 price objective on Eclipse Resources Corporation and gave the company a buy rating in a research report on Wednesday, June 7th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. Eclipse Resources Corporation has an average rating of Hold and an average target price of $3.01.

Eclipse Resources Corporation (ECR) opened at 2.49 on Thursday. Eclipse Resources Corporation has a 1-year low of $1.60 and a 1-year high of $3.66. The stock has a 50 day moving average price of $2.38 and a 200 day moving average price of $2.42. The company’s market cap is $654.22 million.

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In other 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 value of $51,400.00. Following the completion of the sale, the chief operating officer now directly owns 423,920 shares of the company’s stock, valued at approximately $1,089,474.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its stake in shares of Eclipse Resources Corporation by 15.0% in 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 increased its stake in shares of Eclipse Resources Corporation by 8.7% in the 1st quarter. Bank of New York Mellon Corp now owns 392,498 shares of the energy producer’s stock valued at $997,000 after buying an additional 31,451 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Eclipse Resources Corporation by 24.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,009,003 shares of the energy producer’s stock valued at $5,101,000 after buying an additional 388,924 shares during the period. AQR Capital Management LLC increased its stake in shares of Eclipse Resources Corporation by 107.8% in the 1st quarter. AQR Capital Management LLC now owns 1,015,502 shares of the energy producer’s stock valued at $2,580,000 after buying an additional 526,735 shares during the period. Finally, Engineers Gate Manager LP increased its stake in shares of Eclipse Resources Corporation by 79.0% in the 2nd quarter. Engineers Gate Manager LP now owns 95,717 shares of the energy producer’s stock valued at $274,000 after buying an additional 42,237 shares during the period. 93.66% of the stock is owned by institutional investors.

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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