Analyst Rating Update on Eclipse Resources Corporation (ECR)

Eclipse Resources Corporation (ECR) : The consensus on Eclipse Resources Corporation (ECR) based on 14 analyst recommendation on the company stock is 2.64, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 9 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Eclipse Resources Corporation (ECR) : The consensus price target for Eclipse Resources Corporation (ECR) is $3.59 for the short term with a standard deviation of $0.86. The most optimist securities analyst among the 11 who monitor the stock believes that the stock can reach $5, however, the pessimist price target for the company is $2.

Company shares have received an average consensus rating of Hold for the current week Also, Equity analysts at the Brokerage firm Barclays maintains its rating on Eclipse Resources Corporation (NYSE:ECR). The rating major has initiated the coverage with equalweight rating on the shares. The Analysts at Barclays raises the price target from $2 per share to $3 per share. The rating by the firm was issued on July 14, 2016.


Eclipse Resources Corporation (NYSE:ECR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $2.84 and $2.79 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $3.30. The buying momentum continued till the end and the stock did not give up its gains. It closed at $3.21, notching a gain of 7.36% for the day. The total traded volume was 3,202,463 . The stock had closed at $2.99 on the previous day.

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.

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