Eclipse Resources Corporation ECR is an independent exploration and production company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on ECR’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Eclipse Resources could be a solid choice for investors.
Current Quarter Estimates for ECR
In the past 30 days, 6 estimates have gone higher for Eclipse Resources, with no downward revisions in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 18 cents a share 30 days ago, to a loss of 8 cents a share today, a significant move.
Current Year Estimates for ECR
Meanwhile, Eclipse Resources’ current year figures are also looking quite promising, with 4 estimates moving higher in the past month, with no downward revisions. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 67 cents per share 30 days ago to a loss of 33 cents per share today, a significant increase.
Bottom Line
The stock has also started to move higher lately, adding 13.2% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future.
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