Eclipse Resources Corporation (ECR) : 11 Wall Street analysts covering Eclipse Resources Corporation (ECR) believe that the average level the stock could reach for the short term is $3.68. The maximum price target given is $5 and the minimum target for short term is around $2, hence the standard deviation is calculated at $0.84.
Eclipse Resources Corporation (ECR) : 13 analysts are covering Eclipse Resources Corporation (ECR) and their average rating on the stock is 2.46, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Eclipse Resources Corporation (ECR) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 9 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Also, Equity analysts at the Brokerage firm PiperJaffray upgrades its rating on Eclipse Resources Corporation (NYSE:ECR). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Underweight by the brokerage firm. The rating by the firm was issued on August 9, 2016.
Eclipse Resources Corporation (NYSE:ECR): The stock opened at $3.31 on Thursday but the bulls could not build on the opening and the stock topped out at $3.36 for the day. The stock traded down to $3.13 during the day, due to lack of any buying support eventually closed down at $3.23 with a loss of -5.28% for the day. The stock had closed at $3.41 on the previous day. The total traded volume was 1,122,113 shares.
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.