Scotiabank Sticks to Their Hold Rating for Eclipse Resources

By Jason Carr

Scotiabank analyst Peter Kissel maintained a Hold rating on Eclipse Resources (NYSE: ECR) yesterday and set a price target of $3.50. The company’s shares opened today at $2.99.

According to TipRanks.com, Kissel is ranked 0 out of 5 stars with an average return of -15.7% and a 22.4% success rate. Kissel covers the Basic Materials sector, focusing on stocks such as Wildhorse Resource Development Corp, National Fuel Gas Company, and Evolution Petroleum Corp.

Currently, the analyst consensus on Eclipse Resources is Moderate Buy and the average price target is $3.57, representing a 19.4% upside.

In a report issued on June 21, Seaport Global also downgraded the stock to Hold with a $2.75 price target.

The company has a one year high of $3.81 and a one year low of $1.60. Currently, Eclipse Resources has an average volume of 1.03M.

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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.