Eclipse Resources Corporation (NYSE:ECR) is an Oil – Exploration & 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, 2 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 8 cents a share 30 days ago, to a loss of 5 cents today, a move of 37.5%.
Current Year Estimates for ECR
Meanwhile, Eclipse Resources‘ current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to no downward revisions. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 41 cents per share 30 days ago to a loss of 26 cents per share today, an increase of 36.6%.
Bottom Line
The stock has also started to move higher lately, adding nearly 14% 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 #2 (Buy) stock to profit in the near future.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
ECLIPSE RESRCS (ECR): Free Stock Analysis Report
Original post
Zacks Investment Research