GMP Securities disclosed Eclipse Resources (NYSE:ECR), bumping its price target to $7.00 earlier today
- Updated: October 2, 2016
Having a price of $3.01, Eclipse Resources (NYSE:ECR) traded 0.92% higher on the day. With the last close up 16.53% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Eclipse Resources has recorded a 50-day average of $3.41 and a two hundred day average of $2.82. Volume of trade was down over the average, with 1,656,193 shares of ECR changing hands under the typical 1,745,640
Stating a potential upside of 1.33%, GMP Securities upped the price target of Eclipse Resources (NYSE:ECR) to $7.00
With a total market value of $0, Eclipse Resources has with a one year low of $0.65 and a one year high of $4.42 .
A total of 13 analysts have released a research note on Eclipse Resources. zero analysts rating the company a strong buy, three analysts rating the company a buy, fourteen analysts rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $2.87.
More About Eclipse Resources (NYSE:ECR)
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. The Company has assembled an acreage position approximating 221,700 net acres in Eastern Ohio. The Company is the operator of the Utica Core Area and its Marcellus Project Area. The Company has identified approximately 2,450 gross (594 net) remaining horizontal drilling locations across its acreage, which consist of approximately 450 locations within the Utica Core Area and over 140 locations within its Marcellus Project Area. The Company's Utica Shale is an unconventional reservoir comprising organic-rich black shale, with production occurring at vertical depths between 6,000 and 10,000 feet. The Marcellus Shale consists of organic-rich black shale, with production occurring at vertical depths between 5,000 and 8,000 feet.
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