Eclipse Resources Corporation (NYSE:ECR) announced its quarterly earnings data on Wednesday. The energy producer reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.02, Bloomberg Earnings reports. Eclipse Resources Corporation had a negative net margin of 15.86% and a negative return on equity of 5.22%. The business had revenue of $91.55 million for the quarter, compared to the consensus estimate of $90.67 million. During the same quarter last year, the company posted ($0.10) earnings per share. Eclipse Resources Corporation’s quarterly revenue was up 68.4% on a year-over-year basis.
Shares of Eclipse Resources Corporation (NYSE ECR) traded up $0.11 during mid-day trading on Thursday, reaching $2.48. The company had a trading volume of 413,583 shares, compared to its average volume of 466,111. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.25 and a quick ratio of 1.25. Eclipse Resources Corporation has a 1 year low of $1.60 and a 1 year high of $3.32.
A number of research firms have weighed in on ECR. BMO Capital Markets reiterated a “hold” rating and set a $3.00 price target on shares of Eclipse Resources Corporation in a research note on Friday, August 4th. Barclays PLC lifted their price target on shares of Eclipse Resources Corporation from $2.50 to $3.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 8th. Stifel Nicolaus reiterated a “buy” rating and set a $4.00 price target on shares of Eclipse Resources Corporation in a research note on Thursday, September 14th. Royal Bank Of Canada reiterated a “buy” rating and set a $3.50 price target on shares of Eclipse Resources Corporation in a research note on Friday, September 15th. Finally, KeyCorp set a $3.00 price target on shares of Eclipse Resources Corporation and gave the stock a “buy” rating in a research note on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $2.96.
Eclipse Resources Corporation 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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