Eclipse Resources Corporation (ECR) shares saw a recent bid of $2.65 and 1.57M shares have exchanged hands in the recent trading session, yielding a 19.91% gain over the past week. The stock price increased 8.16% or $-0.2 versus $2.45 at the end of the prior session. This change led market cap to move at $691.93M, putting the price -40.07% below the 52-week high and 65.63% above the 52-week low. The company’s stock has a normal trading capacity of 859.85K shares while the relative volume is 1.83.
To stay one step ahead we extended our research by comparing different price targets. The stock notched a 12-month high of $3.30 while $4.25 target is by far the most aggressive out of analysts who are currently evaluating the company, $0.95 higher than the next highest 52-week price estimate. The lowest 12-month price target for the shares is $2.25, which would be decrease of about -15% of its current value. The mean target of $3.38 should be compared with the price when the stock was languishing around $1.60 a share. And it remains to be seen which target price ECR can achieve without sacrificing much as the company is holding a -30.81% fall for the past twelve months.
By historical standards, Eclipse Resources Corporation remains a cheap stock. The company’s current price-earnings ratio amounts above the average P/E ratio of 20.97 times earnings. For now, Eclipse Resources Corporation is the toast of Wall Street as its ABR stands at 2.50 with 2 out of 17 analysts rating the stock a buy. Over the short term, some market observers may have noticed that Eclipse Resources Corporation has a 0.82% short float with 15 days to cover. It becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. Eclipse Resources Corporation has far performed well this year, with the share price down -0.75% since January. Over the past 2 quarters, the stock is down -17.19%, compared with a gain of nearly 22.69% for 3 months and about 21.56% for the past 30 days.
Last time, the company shocked Wall Street by reporting EPS of $0.02, smashing the consensus of $-0.01 per share. Revenue for the quarter also did not kill consensus, coming in at $101.86M, compared to the consensus of 96.94M. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $-0.02. The company is expected to report EPS as high as $0.03 and as low as $-0.07 per share. Similarly, full-year EPS forecasts have ranged between $-0.05 and $0.19. The mean EPS estimate is $0.03. On the other side, sales forecasts for the current quarter are $85.43M. The stock is expected to report revenue as high as $95.1M and as low as $74.72M per share. Similarly, full-year sales forecasts have ranged between $383M and $433.5M. The mean revenue estimate is $413.2M.
Over the last 5 years, Analysts are expecting EPS growth rates to be at 81.10% this quarter and EPS estimate for next year reflect 140.00% growth rate.
Sell-side analysts also have something to say about this company. Stifel analysts stated on 23/03/2017 that they launched coverage on this stock with Buy rating. Seaport Global Securities raised its rating on Eclipse Resources Corporation to Buy on 06/02/2017 in a reversal from its prior Neutral rating. Seaport Global Securities had a markedly different take on 09/12/2016, proposing that Eclipse Resources Corporation is now considered Neutral versus prior Buy rating. KLR Group analysts stated on 21/11/2016 that they launched coverage on this stock with Buy rating.