The stock of Eclipse Resources Corp (NYSE:ECR) is a huge mover today! About 406,508 shares traded hands. Eclipse Resources Corp (NYSE:ECR) has risen 227.27% since March 16, 2016 and is uptrending. It has outperformed by 221.73% the S&P500.
The move comes after 6 months positive chart setup for the $883.65 million company. It was reported on Oct, 19 by Barchart.com. We have $4.79 PT which if reached, will make NYSE:ECR worth $371.13M more.
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.
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. Eclipse Resources has been the topic of 26 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was maintained by Topeka Capital Markets on Thursday, November 12 with “Buy”. The stock of Eclipse Resources Corp (NYSE:ECR) has “Equalweight” rating given on Thursday, July 14 by Barclays Capital. As per Tuesday, January 5, the company rating was downgraded by Topeka Capital Markets. As per Tuesday, March 29, the company rating was maintained by Goldman Sachs. GMP Securities reinitiated Eclipse Resources Corp (NYSE:ECR) rating on Wednesday, September 28. GMP Securities has “Buy” rating and $7 price target. The rating was downgraded by Johnson Rice on Monday, April 18 to “Hold”. As per Tuesday, August 4, the company rating was downgraded by Deutsche Bank. The firm earned “Neutral” rating on Tuesday, August 9 by PiperJaffray. On Wednesday, December 9 the stock rating was initiated by JP Morgan with “Neutral”. Topeka Capital Markets maintained Eclipse Resources Corp (NYSE:ECR) rating on Monday, October 12. Topeka Capital Markets has “Buy” rating and $5 price target.
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.”
Insitutional Activity: The institutional sentiment increased to 3.29 in Q2 2016. Its up 2.50, from 0.79 in 2016Q1. The ratio improved, 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.
Ameriprise Fincl Inc, a Minnesota-based fund reported 1.10 million shares. Great West Life Assurance Company Can last reported 0% of its portfolio in the stock. Sir Cap Management Ltd Partnership holds 0.2% or 400,000 shares in its portfolio. Blackrock Invest Mgmt Lc has 191,757 shares for 0% of their US portfolio. Creative Planning holds 0% of its portfolio in Eclipse Resources Corp (NYSE:ECR) for 400 shares. Metropolitan Life Insurance Commerce Ny holds 0% of its portfolio in Eclipse Resources Corp (NYSE:ECR) for 42,245 shares. State Street owns 555,650 shares or 0% of their US portfolio. Schwab Charles Investment Mngmt accumulated 138,930 shares or 0% of the stock. Credit Suisse Ag holds 384,631 shares or 0% of its portfolio. National Bank Of New York Mellon has 891,811 shares for 0% of their US portfolio. Tudor Invest Corp Et Al holds 438,560 shares or 0.03% of its portfolio. The Maryland-based Brown Advisory Ltd Liability Corp has invested 0.02% in Eclipse Resources Corp (NYSE:ECR). Connor Clark Lunn Investment Limited accumulated 48,700 shares or 0% of the stock. Blackrock Inc accumulated 17,000 shares or 0% of the stock. Landscape Capital Mgmt has 0.01% invested in the company for 16,646 shares.
More notable 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 with their article: “Wow! Eclipse Resources Corp. Explodes Higher on an Upgrade” published on March 18, 2016, Businesswire.com published: “Eclipse Resources Corporation Schedules Third Quarter 2016 Financial and …” on October 14, 2016. More interesting news about Eclipse Resources Corp (NYSE:ECR) were released by: Businesswire.com and their article: “Eclipse Resources Corporation Announces Offer to Exchange Outstanding 8.875 …” published on January 22, 2016 as well as Businesswire.com‘s news article titled: “Eclipse Resources Corporation Announces First Quarter 2016 Results and …” with publication date: May 04, 2016.
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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