Barclays Keeps Their Hold Rating on Eclipse Resources

By Carrie Williams

Barclays analyst Jeffrey Robertson maintained a Hold rating on Eclipse Resources (NYSE: ECR) on May 23 and set a price target of $3. The company’s shares closed yesterday at $2.58.

According to TipRanks.com, Robertson is a 4-star analyst with an average return of 3.2% and a 46.8% success rate. Robertson covers the Basic Materials sector, focusing on stocks such as Vanguard Natural Resources LLC, Quicksilver Resources Inc, and Whiting Petroleum Corp.

Eclipse Resources has an analyst consensus of Moderate Buy, with a price target consensus of $3.40.

Based on Eclipse Resources’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $102 million and quarterly net profit of $26.85 million. In comparison, last year the company earned revenue of $49.61 million and had a GAAP net loss of $40.69 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.