Will These Coverage Initiations Help Eclipse Resources (ECR) Stock Today?

NEW YORK (TheStreet) -- Eclipse Resources  (ECR) received two coverage initiations on Tuesday.

Firstly, Barclays initiated coverage with an "overweight" rating and a $31 price target. The firm said the company has assembled sizable acreage position in the Utica Shale and Marcellus Shale to support strong production and reserve growth.

Jefferies also initiated coverage with a "buy" rating and set a $28 price target. The firm said the company is expected to deliver robust production and reserve growth over next several years.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

The stock was up 1.13% to $24.19 in pre-market trading on Tuesday.

ECR Chart ECR data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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