RBC Capital analyst Brad Heffern reiterated a Buy rating on Eclipse Resources (ECR) on January 7 and set a price target of $2. The company’s shares closed yesterday at $0.91, close to its 52-week low of $0.74.
According to TipRanks.com, Heffern is a 5-star analyst with an average return of 11.4% and a 49.7% success rate. Heffern covers the Basic Materials sector, focusing on stocks such as Marathon Petroleum Corporation, Contango Oil & Gas Company, and Sanchez Energy Corporation.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Eclipse Resources.
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Based on Eclipse Resources’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $4 million. In comparison, last year the company had a GAAP net loss of $13.12 million.
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Eclipse Resources Corp. engages in oil and natural gas acquisition and development in Appalachian Basin. It operates drilling in the Utica Shale and Marcellus Shale. The company was founded on February 13, 2014 and is headquartered in State College, PA.
