News stories about Eclipse Resources Corp (NYSE:ECR) have trended positive on Saturday, according to Alpha One. The research group, a unit of Accern, identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Eclipse Resources Corp earned a media sentiment score of 0.37 on Alpha One’s scale. Alpha One also assigned press coverage about the energy producer an impact score of 100 out of 100, meaning that recent news coverage is extremely likely to have an impact on the stock’s share price in the near term.
These are some of the news stories that may have effected AlphaOne Sentiment’s analysis:
- Active Stock on Watch: Eclipse Resources Corp (ECR) – DARC News (darcnews.com)
- Technical Focus: Williams %R, ADX, and CCI Levels for Eclipse Resources Corp (ECR) – SKV News (skvnews.com)
- Eclipse Resources Corp. breached its 50 day moving average in a Bullish Manner : ECR-US : May 17, 2017 (finance.yahoo.com)
- ETFs with exposure to Eclipse Resources Corp. : May 15, 2017 (finance.yahoo.com)
Shares of Eclipse Resources Corp (NYSE:ECR) opened at 2.47 on Friday. The stock’s 50 day moving average is $2.23 and its 200 day moving average is $2.50. Eclipse Resources Corp has a 12 month low of $1.60 and a 12 month high of $4.42. The firm’s market cap is $648.58 million.
Eclipse Resources Corp (NYSE:ECR) last posted its quarterly earnings results on Tuesday, February 28th. The energy producer reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.03. The firm had revenue of $83.90 million for the quarter, compared to analyst estimates of $73.67 million. Eclipse Resources Corp had a negative return on equity of 39.50% and a negative net margin of 439.73%. Eclipse Resources Corp’s quarterly revenue was up 27.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($3.66) earnings per share. On average, analysts anticipate that Eclipse Resources Corp will post $0.02 earnings per share for the current fiscal year.
A number of equities research analysts recently issued reports on the stock. BMO Capital Markets reissued a “hold” rating and issued a $3.00 price objective on shares of Eclipse Resources Corp in a report on Monday, May 15th. Scotiabank set a $4.00 target price on shares of Eclipse Resources Corp and gave the company a “hold” rating in a research report on Saturday, May 6th. Barclays PLC reaffirmed an “equal weight” rating and issued a $2.50 target price (down previously from $3.00) on shares of Eclipse Resources Corp in a research report on Saturday, April 22nd. Stifel Nicolaus initiated coverage on shares of Eclipse Resources Corp in a research report on Thursday, March 23rd. They issued a “buy” rating and a $4.00 target price on the stock. Finally, Zacks Investment Research raised shares of Eclipse Resources Corp from a “hold” rating to a “buy” rating and set a $2.50 target price on the stock in a research report on Wednesday, March 22nd. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $3.56.
In related news, CFO Matthew R. Denezza sold 63,770 shares of the company’s stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $2.24, for a total transaction of $142,844.80. Following the transaction, the chief financial officer now directly owns 659,786 shares of the company’s stock, valued at $1,477,920.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is currently owned by insiders.
About Eclipse Resources Corp
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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