Eclipse Resources Corporation (NYSE:ECR) : 3 brokerage houses believe that Eclipse Resources Corporation (NYSE:ECR) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 9 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Eclipse Resources Corporation (NYSE:ECR). Zacks Investment Research suggests a Buy with a rank of 2. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 14 Wall Street Analysts endorse the stock as a Hold with a rating of 2.64.
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.
Company shares have received an average consensus rating of Hold for the current week 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): stock turned positive on Tuesday. Though the stock opened at $4.09, the bulls momentum made the stock top out at $4.28 level for the day. The stock recorded a low of $4.05 and closed the trading day at $4.11, in the green by 3.53%. The total traded volume for the day was 919,923. The stock had closed at $3.97 in the previous days trading.
In an insider trading activity,The officer (EVP & CFO) of Eclipse Resources Corp, Denezza Matthew R sold 15,396 shares at $1.1 on March 9, 2016. The Insider selling transaction had a total value worth of $16,936. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.