Zacks Investment Research downgraded Eclipse Resources Corp (NYSE:ECR) to Hold in a report released today.
- Updated: October 16, 2016
Yesterday Eclipse Resources Corp (NYSE:ECR) traded -4.82% lower at $3.42. The company’s 50-day moving average is $3.38 and its 200-day moving average is $2.97. The last closing price is up 13.21% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 692,556 shares of the stock were exchanged, down from an average trading volume of 1,339,980
Zacks Investment Research has downgraded Eclipse Resources Corp (NYSE:ECR) to Hold in a report released on 10/11/2016.
Previously on 10/4/2016, Zacks Investment Research reported on Eclipse Resources Corp (NYSE:ECR) raised the target price from $0.00 to $4.00. At the time, this indicated a possible upside of 0.15%.
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Eclipse Resources Corp has a 52 week low of $0.65 and a 52 week high of $4.42 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 13 brokers have issued a report on the stock. The consensus target price is $2.87 with 0 brokers rating the stock a strong buy, 3 brokers rating the stock a buy, 14 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Eclipse Resources Corp (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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