Eclipse Resources Corporation (ECR) : 3 brokerage houses believe that Eclipse Resources Corporation (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 (ECR). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 13 Wall Street Analysts endorse the stock as a Buy with a rating of 2.46.
Eclipse Resources Corporation (ECR) has been rated by 11 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $5 and the lowest price target forecast is $2. The average forecast of all the analysts is $3.68 and the expected standard deviation is $0.84.
Eclipse Resources Corporation has dropped 1.92% in the last five trading days, however, the shares have posted positive gains of 30.18% in the last 4 weeks. Eclipse Resources Corporation is up 35.09% in the last 3-month period. Year-to-Date the stock performance stands at 96.7%. Eclipse Resources Corporation (NYSE:ECR): stock turned positive on Tuesday. Though the stock opened at $3.44, the bulls momentum made the stock top out at $3.61 level for the day. The stock recorded a low of $3.41 and closed the trading day at $3.58, in the green by 3.47%. The total traded volume for the day was 2,612,621. The stock had closed at $3.46 in the previous days trading.
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.