$139.15 Million in Sales Expected for Eclipse Resources Corp (ECR) This Quarter

Brokerages forecast that Eclipse Resources Corp (NYSE:ECR) will post sales of $139.15 million for the current quarter, Zacks reports. Three analysts have issued estimates for Eclipse Resources’ earnings, with estimates ranging from $129.50 million to $153.50 million. Eclipse Resources reported sales of $104.06 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 33.7%. The business is scheduled to report its next quarterly earnings results on Wednesday, February 27th.

According to Zacks, analysts expect that Eclipse Resources will report full-year sales of $476.92 million for the current year, with estimates ranging from $462.60 million to $497.50 million. For the next financial year, analysts expect that the company will report sales of $760.83 million, with estimates ranging from $714.80 million to $806.85 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Eclipse Resources.

Eclipse Resources (NYSE:ECR) last released its earnings results on Wednesday, October 31st. The energy producer reported $0.04 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $130.12 million for the quarter, compared to analysts’ expectations of $113.12 million.

ECR has been the topic of a number of analyst reports. Zacks Investment Research cut Eclipse Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, November 6th. Stifel Nicolaus dropped their price objective on Eclipse Resources from $1.70 to $1.40 and set a “hold” rating on the stock in a research note on Friday, August 31st. KLR Group reiterated a “buy” rating and set a $2.00 price objective on shares of Eclipse Resources in a research note on Monday, August 20th. Capital One Financial upgraded Eclipse Resources from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, August 28th. Finally, Goldman Sachs Group upgraded Eclipse Resources from a “sell” rating to a “neutral” rating and set a $2.00 price objective on the stock in a research note on Tuesday, September 11th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $2.11.

Shares of Eclipse Resources stock traded down $0.05 on Wednesday, reaching $1.09. 2,793,995 shares of the company were exchanged, compared to its average volume of 1,015,499. Eclipse Resources has a one year low of $0.99 and a one year high of $2.79. The stock has a market cap of $344.89 million, a P/E ratio of -27.25 and a beta of 2.45. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.92.

Several hedge funds have recently bought and sold shares of the stock. Northern Trust Corp increased its holdings in shares of Eclipse Resources by 6.2% during the 2nd quarter. Northern Trust Corp now owns 1,106,289 shares of the energy producer’s stock worth $1,771,000 after acquiring an additional 64,874 shares during the last quarter. Chicago Partners Investment Group LLC grew its holdings in Eclipse Resources by 89.3% in the second quarter. Chicago Partners Investment Group LLC now owns 147,015 shares of the energy producer’s stock worth $235,000 after purchasing an additional 69,364 shares during the last quarter. Teachers Advisors LLC grew its holdings in Eclipse Resources by 45.3% in the third quarter. Teachers Advisors LLC now owns 253,695 shares of the energy producer’s stock worth $302,000 after purchasing an additional 79,096 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Eclipse Resources by 24.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 462,087 shares of the energy producer’s stock valued at $740,000 after buying an additional 91,767 shares during the last quarter. Finally, Signaturefd LLC purchased a new stake in shares of Eclipse Resources during the second quarter valued at $160,000. 79.13% of the stock is currently owned by institutional investors and hedge funds.

Eclipse Resources Company Profile

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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