Eclipse Resources Corporation (NYSE:ECR): 11 analysts have set the short term price target of Eclipse Resources Corporation (NYSE:ECR) at $2.61. The standard deviation of short term price target has been estimated at $0.85, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 4 and $1 respectively.
Many analysts have stated their opinion on the company shares. Johnson Rice upgrades its rating on Eclipse Resources Corporation (NYSE:ECR). Analysts at the Johnson Rice have a current rating of Accumulate on the shares. The shares were previously rated Hold. The rating by the firm was issued on June 10, 2016. Company shares have received an average consensus rating of Hold for the current week
On the companys insider trading activities, The officer (EVP & CFO), of Eclipse Resources Corp, Denezza Matthew R had unloaded 15,396 shares at $1.1 per share in a transaction on March 9, 2016. The total value of transaction was $16,936. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Eclipse Resources Corporation (NYSE:ECR) : On Monday heightened volatility was witnessed in Eclipse Resources Corporation (NYSE:ECR) which led to swings in the share price. The stock opened for trading at $3.66 and hit $4.17 on the upside , eventually ending the session at $3.83, with a gain of 1.59% or 0.06 points. The heightened volatility saw the trading volume jump to 1,047,735 shares. The 52-week high of the share price is $6.24 and the company has a market cap of $854 million. The 52-week low of the share price is at $0.65 .
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.