Stifel Nicolaus Initiates Coverage On Eclipse Resources Corp to Buy

Stifel Nicolaus Initiates Coverage On Eclipse Resources Corp(ECR). The shares have been rated Buy. The rating by the stock financial advisor at Stifel Nicolaus was issued on Mar 23, 2017 in a research report to their Investors and Clients.

In a different note, On Feb 6, 2017, Seaport Global said it Upgrades its rating on Eclipse Resources Corp. The shares have been rated ‘Buy’ by the firm.

Eclipse Resources Corp (ECR) made into the market gainers list on Fridays trading session with the shares advancing 6.76% or 0.15 points. Due to strong positive momentum, the stock ended at $2.37, which is also near the day’s high of $2.385. The stock began the session at $2.22 and the volume stood at 7,51,383 shares. The 52-week high of the shares is $4.4216 and the 52 week low is $1.2. The company has a current market capitalization of $622 M and it has 26,22,39,560 shares in outstanding.

Eclipse Resources Corp(ECR) last announced its earnings results on Feb 28, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $85.101M. Analysts had an estimated revenue of $74.810M. Earnings per share were $-0.02. Analysts had estimated an EPS of $-0.05.

Several Insider Transactions has been reported to the SEC. On Mar 15, 2017, Matthew R Denezza (EVP & CFO) sold 63,770 shares at $2.28 per share price.Also, On Mar 9, 2017, Oleg E Tolmachev (EVP & COO) sold 18,572 shares at $2.52 per share price.On Aug 19, 2016, Benjamin Ward Hulburt (President and CEO) sold 58,979 shares at $3.59 per share price, according to the Form-4 filing with the securities and exchange commission.

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 221700 net acres in Eastern Ohio. Approximately 100700 of its net acres are located in the Utica Shale fairway which it refers to as the Utica Core Area and approximately 27250 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 3112 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.

Add Comment