Eclipse Resources Corporation (ECR) : The consensus on Eclipse Resources Corporation (ECR) based on 13 analyst recommendation on the company stock is 2.46, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 9 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
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.
Also, In the latest statement by the brokerage house, PiperJaffray upgrades its outlook on Eclipse Resources Corporation (NYSE:ECR). The current rating of the shares is Neutral, according to the research report released by the firm. Previously, the company had a rating of Underweight. The rating by the firm was issued on August 9, 2016.
Eclipse Resources Corporation (NYSE:ECR): After opening at $3.2, the stock dipped to an intraday low of $3.17 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $3.33 and the buying power remained strong till the end. The stock closed at $3.24 for the day, a gain of 1.89% for the day session. The total traded volume was 568,535. The stocks close on the previous trading day was $3.18.
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.