Eclipse Resources Corp Forecasted to Earn Q4 2017 Earnings of $0.00 Per Share (ECR)

Eclipse Resources Corp (NYSE:ECR) – Analysts at Capital One Financial increased their Q4 2017 earnings per share (EPS) estimates for Eclipse Resources in a research note issued on Thursday. Capital One Financial analyst B. Velie now forecasts that the energy producer will earn $0.00 per share for the quarter, up from their previous forecast of ($0.01). Capital One Financial currently has a “Equal Weight” rating on the stock. Capital One Financial also issued estimates for Eclipse Resources’ Q1 2018 earnings at $0.00 EPS, Q2 2018 earnings at $0.00 EPS, Q3 2018 earnings at $0.00 EPS, Q4 2018 earnings at $0.00 EPS and FY2018 earnings at $0.01 EPS.

Other equities analysts also recently issued reports about the stock. BMO Capital Markets set a $3.00 target price on shares of Eclipse Resources and gave the stock a “hold” rating in a research note on Tuesday, October 10th. Scotiabank reaffirmed a “hold” rating and set a $3.00 target price on shares of Eclipse Resources in a research note on Friday, November 10th. KeyCorp set a $3.00 target price on shares of Eclipse Resources and gave the stock a “buy” rating in a research note on Thursday, October 19th. Zacks Investment Research downgraded shares of Eclipse Resources from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 13th. Finally, Seaport Global Securities raised shares of Eclipse Resources from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 19th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $3.23.

Eclipse Resources (NYSE ECR) opened at $2.01 on Monday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.62 and a current ratio of 0.62. Eclipse Resources has a 52 week low of $1.60 and a 52 week high of $3.10. The company has a market cap of $528.11, a PE ratio of -12.56 and a beta of 2.75.

Several institutional investors and hedge funds have recently made changes to their positions in ECR. Dimensional Fund Advisors LP increased its position in shares of Eclipse Resources by 51.2% during the second quarter. Dimensional Fund Advisors LP now owns 3,037,907 shares of the energy producer’s stock valued at $8,690,000 after acquiring an additional 1,028,904 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in shares of Eclipse Resources by 185.2% during the second quarter. TIAA CREF Investment Management LLC now owns 1,124,592 shares of the energy producer’s stock valued at $3,216,000 after acquiring an additional 730,285 shares during the last quarter. Boston Partners increased its position in shares of Eclipse Resources by 21.0% during the third quarter. Boston Partners now owns 2,895,330 shares of the energy producer’s stock valued at $7,239,000 after acquiring an additional 501,660 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Eclipse Resources by 47.9% during the third quarter. Russell Investments Group Ltd. now owns 1,497,129 shares of the energy producer’s stock valued at $3,743,000 after acquiring an additional 485,162 shares during the last quarter. Finally, State Street Corp increased its position in shares of Eclipse Resources by 46.6% during the second quarter. State Street Corp now owns 1,253,137 shares of the energy producer’s stock valued at $3,583,000 after acquiring an additional 398,046 shares during the last quarter. Institutional investors and hedge funds own 92.47% of the company’s stock.

In related news, major shareholder Encap Energy Capital Fund Viii purchased 37,823,596 shares of the company’s stock in a transaction on Thursday, January 18th. The stock was acquired at an average cost of $2.44 per share, for a total transaction of $92,289,574.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is owned by company insiders.

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Eclipse Resources Company Profile

Eclipse Resources Corporation 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. The Company is the operator of the Utica Core Area and its Marcellus Project Area. The Ordovician-aged Utica Shale is an unconventional reservoir consisting of organic-rich black shale, with production occurring at vertical depths between 6,000 and 10,000 feet.

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