Eclipse Resources Corporation (ECR) Stock Rating Reaffirmed by BMO Capital Markets

Eclipse Resources Corporation (NYSE:ECR)‘s stock had its “hold” rating reiterated by stock analysts at BMO Capital Markets in a research report issued on Friday. They presently have a $3.00 price objective on the energy producer’s stock. BMO Capital Markets’ target price indicates a potential upside of 11.94% from the company’s current price.

A number of other research firms have also recently issued reports on ECR. Scotiabank restated a “hold” rating and set a $4.00 target price on shares of Eclipse Resources Corporation in a research note on Friday, June 30th. ValuEngine upgraded shares of Eclipse Resources Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Barclays PLC restated a “neutral” rating on shares of Eclipse Resources Corporation in a research note on Friday, July 7th. Seaport Global Securities cut shares of Eclipse Resources Corporation from a “buy” rating to a “neutral” rating and cut their target price for the stock from $3.25 to $2.75 in a research note on Wednesday, June 21st. Finally, BidaskClub cut shares of Eclipse Resources Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $3.60.

Shares of Eclipse Resources Corporation (NYSE ECR) traded up 0.37% on Friday, hitting $2.68. 725,860 shares of the stock were exchanged. The company has a 50-day moving average price of $2.70 and a 200-day moving average price of $2.43. The firm’s market capitalization is $704.14 million. Eclipse Resources Corporation has a one year low of $1.60 and a one year high of $3.81.

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In other Eclipse Resources Corporation news, COO Oleg E. Tolmachev sold 20,000 shares of Eclipse Resources Corporation stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $2.30, for a total value of $46,000.00. Following the completion of the sale, the chief operating officer now owns 443,920 shares in the company, valued at approximately $1,021,016. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Matthew R. Denezza sold 30,000 shares of Eclipse Resources Corporation stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $2.30, for a total transaction of $69,000.00. Following the completion of the sale, the chief financial officer now owns 573,683 shares of the company’s stock, valued at approximately $1,319,470.90. The disclosure for this sale can be found here. Insiders sold a total of 125,000 shares of company stock valued at $302,500 in the last quarter. Corporate insiders own 1.10% of the company’s stock.

A number of hedge funds have recently modified their holdings of the company. Engineers Gate Manager LP acquired a new stake in shares of Eclipse Resources Corporation during the first quarter valued at $136,000. UBS Asset Management Americas Inc. boosted its position in shares of Eclipse Resources Corporation by 99.3% in the first quarter. UBS Asset Management Americas Inc. now owns 57,000 shares of the energy producer’s stock valued at $145,000 after buying an additional 28,400 shares during the last quarter. TFS Capital LLC boosted its position in shares of Eclipse Resources Corporation by 265.2% in the first quarter. TFS Capital LLC now owns 93,357 shares of the energy producer’s stock valued at $237,000 after buying an additional 67,792 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Eclipse Resources Corporation by 60.5% in the second quarter. Rhumbline Advisers now owns 98,055 shares of the energy producer’s stock valued at $280,000 after buying an additional 36,956 shares during the last quarter. Finally, Alambic Investment Management L.P. purchased a new position in shares of Eclipse Resources Corporation during the first quarter valued at approximately $292,000. Institutional investors and hedge funds own 92.38% of the company’s stock.

About Eclipse Resources Corporation

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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