Eclipse Resources Corporation (NYSE:ECR) – Investment analysts at Capital One Financial issued their Q4 2017 earnings per share (EPS) estimates for shares of Eclipse Resources in a note issued to investors on Monday. Capital One Financial analyst B. Velie expects that the energy producer will earn ($0.01) per share for the quarter. Capital One Financial has a “Equal Weight” rating on the stock.
Eclipse Resources (NYSE:ECR) last released its earnings results 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 had a negative return on equity of 3.00% and a negative net margin of 11.46%. The business had revenue of $91.55 million for the quarter, compared to the consensus estimate of $90.67 million. During the same period last year, the business earned ($0.10) earnings per share. The firm’s revenue for the quarter was up 68.4% compared to the same quarter last year.
A number of other equities research analysts also recently weighed in on the company. Scotiabank set a $4.00 target price on Eclipse Resources and gave the stock a “hold” rating in a research report on Tuesday. Johnson Rice upgraded shares of Eclipse Resources from an “accumulate” rating to a “buy” rating in a research note on Monday. KeyCorp set a $3.00 price target on shares of Eclipse Resources and gave the stock a “buy” rating in a research note on Thursday, October 19th. Zacks Investment Research cut shares of Eclipse Resources from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 13th. Finally, Barclays set a $2.50 price target on shares of Eclipse Resources and gave the stock a “hold” rating in a research note on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $2.96.
Eclipse Resources (ECR) traded down $0.02 during mid-day trading on Tuesday, reaching $2.28. The company had a trading volume of 668,900 shares, compared to its average volume of 818,459. Eclipse Resources has a fifty-two week low of $1.60 and a fifty-two week high of $3.10. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.62 and a current ratio of 0.62.
Large investors have recently bought and sold shares of the company. Voya Investment Management LLC raised its stake in shares of Eclipse Resources 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 during the last quarter. Macquarie Group Ltd. bought a new position in shares of Eclipse Resources in the third quarter valued at approximately $101,000. GSA Capital Partners LLP raised its stake in shares of Eclipse Resources by 120.5% in the third quarter. GSA Capital Partners LLP now owns 45,304 shares of the energy producer’s stock valued at $113,000 after acquiring an additional 24,754 shares during the last quarter. New York State Common Retirement Fund raised its stake in shares of Eclipse Resources 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 during the last quarter. Finally, Virtu KCG Holdings LLC raised its stake in shares of Eclipse Resources 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 during the last quarter. 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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