ECLIPSE RESOURCES CORP. sees a downgrade to Negative on account of less fundamental stars
The independent financial analyst theScreener just lowered the general evaluation of ECLIPSE RESOURCES CORP. (US), active in the Exploration & Production industry. As regards its fundamental valuation, the title now shows 1 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Negative. As of the analysis date December 21, 2018, the closing price was USD 0.77 and its target price was estimated at USD 0.73.Eclipse Resources is an independent exploration and production company engaged in the acquisition and development of oil and natural gas properties in the Appalachian Basin. As of Dec. 31, 2017, the company had approx. 96,000 net acres in the Utica Shale fairway, which the company refers to as the Utica Core Area and approx. 15,500 acres in its Marcellus Area. As of Dec. 31, 2017, the company had an estimated 1.46 trillion cubic ft. equivalent of net proved natural gas, natural gas liquids and oil reserves, which comprised of 1.09 trillion cubic ft. of natural gas reserves, 41.9 million barrels of NGL reserves, 19.5 million barrels of oil reserves.
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