Eclipse Resources Corp (ECR) to Post Q1 2018 Earnings of $0.02 Per Share, KeyCorp Forecasts

Eclipse Resources Corp (NYSE:ECR) – Investment analysts at KeyCorp issued their Q1 2018 EPS estimates for shares of Eclipse Resources Corp in a report released on Sunday. KeyCorp analyst D. Deckelbaum forecasts that the energy producer will post earnings per share of $0.02 for the quarter. KeyCorp also issued estimates for Eclipse Resources Corp’s Q2 2018 earnings at $0.00 EPS, Q3 2018 earnings at $0.00 EPS and Q4 2018 earnings at $0.02 EPS.

A number of other brokerages have also issued reports on ECR. Zacks Investment Research upgraded shares of Eclipse Resources Corp from a “hold” rating to a “buy” rating and set a $3.00 price objective for the company in a report on Thursday, February 16th. Barclays PLC reiterated a “hold” rating and issued a $3.00 price objective on shares of Eclipse Resources Corp in a report on Wednesday. Scotiabank set a $4.00 price objective on shares of Eclipse Resources Corp and gave the company a “hold” rating in a report on Thursday, March 2nd. Seaport Global Securities upgraded shares of Eclipse Resources Corp from a “neutral” rating to a “buy” rating and raised their price objective for the company from $3.50 to $4.00 in a report on Monday, February 6th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $3.00 price objective on shares of Eclipse Resources Corp in a report on Monday, May 15th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $3.60.

Earnings History and Estimates for Eclipse Resources Corp (NYSE:ECR)

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Eclipse Resources Corp (NYSE:ECR) traded up 0.78% during midday trading on Wednesday, reaching $2.60. 31,742 shares of the company’s stock traded hands. The stock has a 50-day moving average of $2.24 and a 200 day moving average of $2.50. The company’s market cap is $682.72 million. Eclipse Resources Corp has a 52-week low of $1.60 and a 52-week high of $4.42.

Eclipse Resources Corp (NYSE:ECR) last posted its quarterly earnings data on Tuesday, February 28th. The energy producer reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.03. The firm had revenue of $83.90 million during the quarter, compared to analysts’ expectations of $73.67 million. Eclipse Resources Corp had a negative net margin of 439.73% and a negative return on equity of 39.50%. The company’s quarterly revenue was up 27.3% compared to the same quarter last year. During the same quarter last year, the company posted ($3.66) EPS.

Several hedge funds have recently made changes to their positions in ECR. Engineers Gate Manager LP bought a new stake in shares of Eclipse Resources Corp during the first quarter valued at approximately $136,000. UBS Asset Management Americas Inc. increased its stake in shares of Eclipse Resources Corp 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 period. Zacks Investment Management bought a new stake in shares of Eclipse Resources Corp during the third quarter valued at approximately $228,000. TFS Capital LLC increased its stake in shares of Eclipse Resources Corp 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 period. Finally, Teachers Advisors LLC increased its stake in shares of Eclipse Resources Corp by 83.5% in the first quarter. Teachers Advisors LLC now owns 113,791 shares of the energy producer’s stock valued at $289,000 after buying an additional 51,791 shares during the period. 29.95% of the stock is owned by institutional investors.

In other news, CFO Matthew R. Denezza sold 63,770 shares of the firm’s stock in a transaction that occurred on Tuesday, March 14th. The shares were sold at an average price of $2.24, for a total transaction of $142,844.80. Following the completion of the sale, the chief financial officer now owns 659,786 shares of the company’s stock, valued at approximately $1,477,920.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.13% of the company’s stock.

Eclipse Resources Corp 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.

12 Month Chart for NYSE:ECR

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