Eclipse Resources (ECR) Expected to Post Quarterly Sales of $102.42 Million

Analysts expect that Eclipse Resources (NYSE:ECR) will post sales of $102.42 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Eclipse Resources’ earnings, with estimates ranging from $96.67 million to $107.69 million. Eclipse Resources reported sales of $101.86 million in the same quarter last year, which would suggest a positive year over year growth rate of 0.5%. The firm is scheduled to issue its next quarterly earnings results on Thursday, May 3rd.

According to Zacks, analysts expect that Eclipse Resources will report full year sales of $102.42 million for the current financial year, with estimates ranging from $424.87 million to $462.22 million. For the next fiscal year, analysts expect that the firm will report sales of $590.23 million per share, with estimates ranging from $569.90 million to $610.56 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Eclipse Resources.

Eclipse Resources (NYSE:ECR) last issued its quarterly earnings results on Wednesday, February 28th. The energy producer reported $0.02 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.03. Eclipse Resources had a negative return on equity of 1.34% and a net margin of 2.22%. The company had revenue of $104.06 million for the quarter, compared to analysts’ expectations of $101.37 million. During the same quarter last year, the business earned ($0.02) earnings per share. Eclipse Resources’s revenue was up 22.3% on a year-over-year basis.



A number of research analysts recently commented on the company. Zacks Investment Research upgraded Eclipse Resources from a “sell” rating to a “hold” rating in a research report on Tuesday. KeyCorp set a $3.00 price target on Eclipse Resources and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Finally, Seaport Global Securities upgraded Eclipse Resources from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 19th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $3.23.

Shares of NYSE ECR opened at $1.36 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.86. Eclipse Resources has a 52 week low of $1.25 and a 52 week high of $3.10. The firm has a market capitalization of $395.32, a P/E ratio of -34.00 and a beta of 2.84.

In other Eclipse Resources news, major shareholder Encap Energy Capital Fund Viii bought 37,823,596 shares of the firm’s stock in a transaction on Thursday, January 18th. The shares were purchased at an average price of $2.44 per share, for a total transaction of $92,289,574.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Oleg E. Tolmachev sold 50,000 shares of Eclipse Resources stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $1.62, for a total value of $81,000.00. Following the completion of the transaction, the chief operating officer now owns 594,051 shares in the company, valued at approximately $962,362.62. The disclosure for this sale can be found here. Insiders own 1.28% of the company’s stock.

Several large investors have recently added to or reduced their stakes in ECR. Dimensional Fund Advisors LP grew its holdings in shares of Eclipse Resources by 31.3% during the third quarter. Dimensional Fund Advisors LP now owns 3,987,793 shares of the energy producer’s stock worth $9,970,000 after purchasing an additional 949,886 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Eclipse Resources by 47.9% during the third quarter. Russell Investments Group Ltd. now owns 1,497,129 shares of the energy producer’s stock worth $3,743,000 after purchasing an additional 485,162 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Eclipse Resources by 26.3% during the fourth quarter. Renaissance Technologies LLC now owns 2,098,701 shares of the energy producer’s stock worth $5,037,000 after purchasing an additional 437,400 shares during the last quarter. Advisor Group Inc. bought a new stake in shares of Eclipse Resources during the fourth quarter worth about $899,000. Finally, Municipal Employees Retirement System of Michigan bought a new stake in shares of Eclipse Resources during the fourth quarter worth about $508,000. Institutional investors own 80.68% of the company’s stock.

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About Eclipse Resources

Eclipse Resources Corporation, an independent exploration and production company, acquires and develops oil and natural gas properties in the Appalachian Basin. The company holds interests in the Utica Shale and Marcellus Shale areas. As of December 31, 2017, it had an acreage position approximately covering an area of 203,000 net acres in Eastern Ohio.

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