Eclipse Resources Receives a Buy from Stifel Nicolaus

By Austin Angelo

Stifel Nicolaus analyst Karl Chalabala reiterated a Buy rating on Eclipse Resources (NYSE: ECR) yesterday and set a price target of $4. The company’s shares opened today at $2.44.

According to, Chalabala is ranked 0 out of 5 stars with an average return of -21.4% and a 23.0% success rate. Chalabala covers the Basic Materials sector, focusing on stocks such as Gulfport Energy Corp, Range Resources Corp, and Southwestern Energy.

Eclipse Resources has an analyst consensus of Hold, with a price target consensus of $3.06.

Based on Eclipse Resources’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $86.19 million and quarterly net profit of $11.49 million. In comparison, last year the company earned revenue of $47.07 million and had a GAAP net loss of $73.01 million.

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Eclipse Resources Corp. operates as an exploration and production company, which engages in the acquisition and development of oil and natural gas properties. The company was founded on February 13, 2014 and is headquartered in State College, PA.