Today’s Stock On Watch: Eclipse Resources Corp: Eclipse Resources Holdings Opened Big New Position

Today's Stock On Watch: Eclipse Resources Corp: Eclipse Resources Holdings Opened Big New Position

The New Eclipse Resources Holdings Holding in Eclipse Resources Corp

Eclipse Resources Holdings filed with the SEC SC 13D/A form for Eclipse Resources Corp. The form can be accessed here: 000119312516727207. As reported in Eclipse Resources Holdings’s form, the filler as of late owns 66.4% or 172,955,027 shares of the Energy–company.

Eclipse Resources Corp stake is a new one for the and it was filed because of activity on September 20, 2016. We feel this shows Eclipse Resources Holdings’s positive view for the stock.

Reasons Why Eclipse Resources Holdings Bought – Eclipse Resources Corp Stock

Item4. Purpose of Transaction

Item4 of the Original Schedule 13D is amended to include the following after the final paragraph:

On September20, 2016, pursuant to an in-kind distribution of the Issuer’s Common Stock by Eclipse Holdings to its limited partnersin connection with the dissolution of Eclipse Holdings, EnCap Fund VIII, EnCap Fund VIII Co-Invest and EnCap Fund IX received 59,687,619, 33,159,784 and 46,016,031 shares of Common Stock, respectively, and Hulburt Partnership, CKH Partners andKirkwood Capital received 993,315, 248,329 and 248,329 shares of Common Stock, respectively.

Other than as set forth in this Item4,as of the date hereof, the Reporting Persons do not have any present plans or proposals that relate to or that would result in any of the actions specified in clauses (a)through (j)of Item4 of Schedule 13D.

Eclipse Resources Corp Institutional Sentiment

Latest Security and Exchange filings show 82 investors own Eclipse Resources Corp. The institutional ownership in Q3 2015 is high, at 23.24% of the outstanding shares. This is increased by 6518823 the total institutional shares. 60550032 were the shares owned by these institutional investors. In total 13 funds opened new Eclipse Resources Corp stakes, 33 increased stakes. There were 28 that closed positions and 22 reduced them.

Pinnacle Summer Investments Inc is an institutional investor bullish on Eclipse Resources Corp, owning 1044841 shares as of Q3 2015 for 0.31% of its portfolio. Columbia Pacific Advisors Llc owns 246327 shares or 0.49% of its portfolio. NY Altai Capital Management Lp have 3.29% of their stock portfolio for 2890400 shares. Further, Kohlberg Kravis Roberts & Company Lp reported stake worth 0.23% of its US stock portfolio. The TX Avalon Advisors Llc owns 10000 shares. Eclipse Resources Corp is less than 0.01% of the manager’s US portfolio.

Business Profile

Eclipse Resources Corporation (Eclipse) is an independent exploration and production company. The Company is engaged in the acquisition and development of oil and natural gas properties in the Appalachian Basin. The Company has assembled an acreage position approximating 221,700 net acres in Eastern Ohio. The Company is the operator of the Utica Core Area and its Marcellus Project Area. The Company has identified approximately 2,450 gross (594 net) remaining horizontal drilling locations across its acreage, which consist of approximately 450 locations within the Utica Core Area and over 140 locations within its Marcellus Project Area. The Company’s Utica Shale is an unconventional reservoir comprising organic-rich black shale, with production occurring at vertical depths between 6,000 and 10,000 feet. The Marcellus Shale consists of organic-rich black shale, with production occurring at vertical depths between 5,000 and 8,000 feet.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Insitutional Activity: The institutional sentiment increased to 3.29 in 2016 Q2. Its up 2.50, from 0.79 in 2016Q1. The ratio increased, as 6 funds sold all Eclipse Resources Corp shares owned while 15 reduced positions. 39 funds bought stakes while 30 increased positions. They now own 164.35 million shares or 257.62% more from 45.96 million shares in 2016Q1.

Columbia Pacific Advsr Ltd Company, a Washington-based fund reported 927 shares. Highland Cap Management Lp accumulated 0.03% or 250,000 shares. Grt Prns Ltd Liability, a Massachusetts-based fund reported 115,753 shares. Moreover, California State Teachers Retirement Systems has 0% invested in Eclipse Resources Corp (NYSE:ECR) for 102,308 shares. Moreover, Great West Life Assurance Can has 0% invested in Eclipse Resources Corp (NYSE:ECR) for 7,490 shares. Renaissance Tech Ltd Co accumulated 0% or 401,401 shares. Moreover, Vantage Limited Com has 0.01% invested in Eclipse Resources Corp (NYSE:ECR) for 10,000 shares. Commercial Bank Of New York Mellon accumulated 891,811 shares or 0% of the stock. Moreover, Omega has 0.05% invested in Eclipse Resources Corp (NYSE:ECR) for 500,000 shares. The Texas-based Teacher Retirement Sys Of Texas has invested 0% in Eclipse Resources Corp (NYSE:ECR). Alliancebernstein L P has 0% invested in the company for 116,314 shares. Ubs Asset Mgmt Americas holds 37,000 shares or 0% of its portfolio. Marshall Wace Ltd Liability Partnership, a United Kingdom-based fund reported 2.34M shares. Schwab Charles Invest Mgmt has 0% invested in the company for 138,930 shares. The New York-based Jpmorgan Chase And has invested 0% in Eclipse Resources Corp (NYSE:ECR).

Analysts await Eclipse Resources Corp (NYSE:ECR) to report earnings on November, 9. They expect $-0.03 EPS, up 85.71% or $0.18 from last year’s $-0.21 per share. After $-0.12 actual EPS reported by Eclipse Resources Corp for the previous quarter, Wall Street now forecasts -75.00% EPS growth.

About 322,535 shares traded hands. Eclipse Resources Corp (NYSE:ECR) has risen 246.68% since February 29, 2016 and is uptrending. It has outperformed by 234.46% the S&P500.

Eclipse Resources Corporation is an independent exploration and production company. The company has a market cap of $902.06 million. The Firm is engaged in the acquisition and development of oil and natural gas properties in the Appalachian Basin. It currently has negative earnings. The Firm has assembled an acreage position approximating 221,700 net acres in Eastern Ohio.

Eclipse Resources Corp (NYSE:ECR) Ratings Coverage

Out of 12 analysts covering Eclipse Resources (NYSE:ECR), 5 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 42% are positive. $7 is the highest target while $1 is the lowest. The $3.95 average target is 15.16% above today’s ($3.43) stock price. Eclipse Resources has been the topic of 26 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Tuesday, March 29 by Goldman Sachs. The company was downgraded on Tuesday, August 4 by Deutsche Bank. On Tuesday, January 5 the stock rating was downgraded by Topeka Capital Markets to “Hold”. As per Tuesday, June 7, the company rating was upgraded by Seaport Global. The rating was maintained by Barclays Capital on Thursday, July 14 with “Equalweight”. As per Monday, September 14, the company rating was maintained by Citigroup. As per Wednesday, September 28, the company rating was reinitiated by GMP Securities. PiperJaffray upgraded the stock to “Neutral” rating in Tuesday, August 9 report. The rating was downgraded by Johnson Rice to “Hold” on Monday, April 18. The stock has “Accumulate” rating given by Johnson Rice on Friday, June 10.

More recent Eclipse Resources Corp (NYSE:ECR) news were published by: Fool.com which released: “Eclipse Resources Corp Sinks on Stock Offering” on June 29, 2016. Also Fool.com published the news titled: “Wow! Eclipse Resources Corp. Explodes Higher on an Upgrade” on March 18, 2016. Finance.Yahoo.com‘s news article titled: “Eclipse Resources Corporation Announces Closing of Public Offering of Common Stock” with publication date: July 05, 2016 was also an interesting one.

According to Zacks Investment Research, “Eclipse Resources Corporation is an independent exploration and production company. It is engaged in the acquisition and development of oil and natural gas properties in the Appalachian Basin. Eclipse Resources Corporation is headquartered in State College, Pennsylvania.”

ECR Company Profile

Eclipse Resources Corporation (Eclipse), incorporated on February 13, 2014, is an independent exploration and production company. The Firm is engaged in the acquisition and development of oil and natural gas properties in the Appalachian Basin. The Firm has assembled an acreage position approximating 221,700 net acres in Eastern Ohio. The Firm is the operator of the Utica Core Area and its Marcellus Project Area. The Firm has identified approximately 2,450 gross (594 net) remaining horizontal drilling locations across its acreage, which consist of approximately 450 locations within the Utica Core Area and over 140 locations within its Marcellus Project Area.

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