Eclipse Resources Corp (NYSE:ECR) traded up 8.6% during trading on Thursday . The company traded as high as $1.02 and last traded at $1.01. 2,999,040 shares were traded during mid-day trading, an increase of 103% from the average session volume of 1,477,277 shares. The stock had previously closed at $0.93.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised Eclipse Resources from a “hold” rating to a “buy” rating and set a $1.25 price objective for the company in a research note on Tuesday, October 23rd. Capital One Financial cut Eclipse Resources from an “overweight” rating to an “underweight” rating in a research note on Thursday, December 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $1.68.
The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.92. The company has a market cap of $283.39 million, a price-to-earnings ratio of -25.25 and a beta of 2.07.
Eclipse Resources (NYSE:ECR) last issued its quarterly earnings data on Wednesday, October 31st. The energy producer reported $0.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.06. Eclipse Resources had a positive return on equity of 3.24% and a negative net margin of 6.87%. The business had revenue of $130.12 million during the quarter, compared to analysts’ expectations of $113.12 million. Research analysts predict that Eclipse Resources Corp will post 0.03 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of ECR. Russell Investments Group Ltd. grew its stake in Eclipse Resources by 40.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,846,312 shares of the energy producer’s stock worth $4,577,000 after purchasing an additional 1,101,503 shares in the last quarter. GSA Capital Partners LLP boosted its position in shares of Eclipse Resources by 1,599.1% during the 3rd quarter. GSA Capital Partners LLP now owns 683,228 shares of the energy producer’s stock worth $813,000 after acquiring an additional 643,016 shares in the last quarter. BlackRock Inc. boosted its position in shares of Eclipse Resources by 4.6% during the 2nd quarter. BlackRock Inc. now owns 6,964,346 shares of the energy producer’s stock worth $11,143,000 after acquiring an additional 307,358 shares in the last quarter. Vanguard Group Inc boosted its position in shares of Eclipse Resources by 3.0% during the 3rd quarter. Vanguard Group Inc now owns 6,421,250 shares of the energy producer’s stock worth $7,641,000 after acquiring an additional 185,194 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Eclipse Resources by 3.0% in the 3rd quarter. Vanguard Group Inc. now owns 6,421,250 shares of the energy producer’s stock valued at $7,641,000 after purchasing an additional 185,194 shares during the last quarter. 79.06% of the stock is owned by institutional investors and hedge funds.
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Eclipse Resources Company Profile (NYSE:ECR)
Eclipse Resources Corporation, an independent exploration and production company, acquires and develops oil and natural gas properties in the Appalachian Basin. The company holds interests in the Utica Shale and Marcellus Shale areas. As of December 31, 2017, it had an acreage position approximately covering an area of 203,000 net acres in Eastern Ohio.
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