Here's Why Eclipse Resources Corp Stock Is Skyrocketing Today

Here's Why Eclipse Resources Corp Stock Is Skyrocketing Today

Shares of Eclipse Resources (NYSE: ECR) are soaring today, up nearly 12% as of 11:17 a.m. EDT, after the company announced solid Q2 earnings.

Eclipse Resources reported strong second-quarter results after the market closed yesterday. While the natural gas driller turned in an adjusted loss of $2.8 million, or $0.01 per share, that was a huge improvement from last year, when it lost $24.1 million, or $0.11 per share. Furthermore, that was $0.01 per share ahead of the consensus estimate. Fueling the expectation-beating result was the fact that production came in well above the high end of its guidance range thanks to the stronger-than-expected performance from wells completed with its innovative "Gen4" design.

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Source: Fool.com