Eclipse Resources Corporation (NYSE:ECR) – Stock analysts at Capital One Financial decreased their FY2018 EPS estimates for shares of Eclipse Resources in a note issued to investors on Monday. Capital One Financial analyst B. Velie now expects that the energy producer will earn ($0.04) per share for the year, down from their prior forecast of ($0.02). Capital One Financial currently has a “Equal Weight” rating on the stock.
Eclipse Resources (NYSE:ECR) last issued its earnings results on Wednesday, November 8th. The energy producer reported ($0.02) earnings per share 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 firm had revenue of $91.55 million for the quarter, compared to analyst estimates of $90.67 million. During the same quarter last year, the business posted ($0.10) earnings per share. The company’s quarterly revenue was up 68.4% on a year-over-year basis.
ECR has been the topic of a number of other research reports. Scotiabank set a $4.00 target price on shares of Eclipse Resources and gave the company a “hold” rating in a research report on Tuesday. Stifel Nicolaus restated a “buy” rating and issued a $4.00 target price on shares of Eclipse Resources in a research report on Thursday, September 14th. Royal Bank of Canada restated a “buy” rating and issued a $3.50 target price on shares of Eclipse Resources in a research report on Friday, September 15th. KeyCorp set a $3.00 target price on shares of Eclipse Resources and gave the company a “buy” rating in a research report on Thursday, October 19th. Finally, Barclays set a $2.50 target price on shares of Eclipse Resources and gave the company a “hold” rating in a research report on Wednesday, October 11th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. Eclipse Resources presently has a consensus rating of “Hold” and a consensus price target of $2.96.
Shares of Eclipse Resources (NYSE:ECR) traded down $0.02 during trading on Wednesday, reaching $2.28. 573,104 shares of the company’s stock were exchanged, compared to its average volume of 819,085. Eclipse Resources has a 1 year low of $1.60 and a 1 year high of $3.12. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.85.
Large investors have recently modified their holdings of the company. Macquarie Group Ltd. acquired a new position in shares of Eclipse Resources during the third quarter worth $101,000. Voya Investment Management LLC lifted its holdings in shares of Eclipse Resources by 83.3% during the second quarter. Voya Investment Management LLC now owns 38,699 shares of the energy producer’s stock worth $111,000 after purchasing an additional 17,591 shares during the period. GSA Capital Partners LLP lifted its holdings in shares of Eclipse Resources by 120.5% during the third quarter. GSA Capital Partners LLP now owns 45,304 shares of the energy producer’s stock worth $113,000 after purchasing an additional 24,754 shares during the period. New York State Common Retirement Fund raised its stake in Eclipse Resources by 27.5% during the second quarter. New York State Common Retirement Fund now owns 56,100 shares of the energy producer’s stock worth $160,000 after buying an additional 12,099 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. bought a new position in Eclipse Resources during the third quarter worth $179,000. Institutional investors own 92.53% of the company’s stock.
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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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