Eclipse Resources Corporation (NYSE:ECR) : The highest short term price target forecast on Eclipse Resources Corporation (NYSE:ECR) is $4 and the lowest target price is $2. A total of 11 equity analysts are currently covering the company. The average price of all the analysts is $2.89 with a standard deviation of $0.75.
Eclipse Resources Corporation has dropped 22.69% in the last five trading days, however, the shares have posted positive gains of 25.56% in the last 4 weeks. Eclipse Resources Corporation is up 128.77% in the last 3-month period. Year-to-Date the stock performance stands at 83.52%. Also, Equity Analysts at the Johnson Rice upgrades the rating on Eclipse Resources Corporation (NYSE:ECR). The brokerage firm has issued a Accumulate rating on the shares. The shares were previously rated Hold. The rating by the firm was issued on June 10, 2016.
Eclipse Resources Corporation (NYSE:ECR) : Zacks Investment Research ranks Eclipse Resources Corporation (NYSE:ECR) as 2, which is a Buy recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 9 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 14 research analysts is 2.64, which indicates as a Hold.
Eclipse Resources Corporation (NYSE:ECR): The stock opened at $3.42 on Thursday but the bulls could not build on the opening and the stock topped out at $3.47 for the day. The stock traded down to $3.17 during the day, due to lack of any buying support eventually closed down at $3.34 with a loss of -2.05% for the day. The stock had closed at $3.41 on the previous day. The total traded volume was 4,627,933 shares.
Eclipse Resources Corporation (Eclipse) 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. It has assembled an acreage position approximating 221,700 net acres in Eastern Ohio. Approximately 100,700 of its net acres are located in the Utica Shale fairway, which it refers to as the Utica Core Area, and approximately 27,250 of these net acres are also prospective for the area of the Marcellus Shale in Eastern Ohio within what it refers to as its Marcellus Project Area. The Company is the operator of approximately 85% of its net acreage within the Utica Core Area and its Marcellus Project Area. Eclipse has identified approximately 3,112 gross (810 net) remaining horizontal drilling locations across its acreage, which comprises 605 locations within the Utica Core Area and 205 locations within its Marcellus Project Area.