The stock of Eclipse Resources Corp (NYSE:ECR) is a huge mover today! The stock decreased 2.57% or $0.07 during the last trading session, hitting $2.65. About 443,204 shares traded hands. Eclipse Resources Corp (NYSE:ECR) has risen 59.06% since April 14, 2016 and is uptrending. It has outperformed by 54.38% the S&P500.
The move comes after 7 months negative chart setup for the $730.87 million company. It was reported on Nov, 16 by Barchart.com. We have $2.41 PT which if reached, will make NYSE:ECR worth $65.78M less.
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 company was reinitiated on Wednesday, September 28 by GMP Securities. Deutsche Bank maintained the stock with “Hold” rating in Wednesday, October 14 report. The firm earned “Buy” rating on Thursday, November 12 by Topeka Capital Markets. The rating was downgraded by Johnson Rice on Monday, April 18 to “Hold”. Seaport Global downgraded Eclipse Resources Corp (NYSE:ECR) on Wednesday, January 13 to “Neutral” rating. The rating was initiated by JP Morgan with “Neutral” on Wednesday, December 9. The firm earned “Neutral” rating on Monday, September 14 by Citigroup. The stock of Eclipse Resources Corp (NYSE:ECR) earned “Neutral” rating by PiperJaffray on Tuesday, August 9. RBC Capital Markets reinitiated the shares of ECR in a report on Friday, March 18 with “Sector Perform” rating. RBC Capital Markets maintained Eclipse Resources Corp (NYSE:ECR) on Friday, November 13 with “Outperform” rating.
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.
Eam Invsts Llc last reported 227,237 shares in the company. Metropolitan Life has 42,245 shares for 0% of their US portfolio. Brown Advisory Secs Ltd Company reported 20,000 shares or 0.02% of all its holdings. Caxton Associate Limited Partnership has 0.04% invested in the company for 450,000 shares. One Trading Lp last reported 0% of its portfolio in the stock. Retail Bank Of Montreal Can last reported 0% of its portfolio in the stock. Swiss Retail Bank last reported 0% of its portfolio in the stock. Tudor Inv Et Al has invested 0.03% of its portfolio in Eclipse Resources Corp (NYSE:ECR). Blackrock Advsr Lc has 0% invested in the company for 1.31M shares. Ameriprise Financial last reported 0% of its portfolio in the stock. Bnp Paribas Arbitrage accumulated 2,053 shares or 0% of the stock. Knott David M owns 60,000 shares or 0% of their US portfolio. Alliancebernstein Limited Partnership accumulated 116,314 shares or 0% of the stock. Magnetar Limited Com holds 0.32% or 5.06 million shares in its portfolio. Credit Suisse Ag reported 384,631 shares or 0% of all its holdings.
More important recent Eclipse Resources Corp (NYSE:ECR) news were published by: Fool.com which released: “Wow! Eclipse Resources Corp. Explodes Higher on an Upgrade” on March 18, 2016, also Fool.com published article titled: “Eclipse Resources Corp Sinks on Stock Offering”, Businesswire.com published: “Eclipse Resources Corporation Announces Offer to Exchange Outstanding 8.875 …” on January 22, 2016. More interesting news about Eclipse Resources Corp (NYSE:ECR) was released by: Businesswire.com and their article: “Eclipse Resources Corporation Announces Third Quarter 2016 Financial and …” with publication date: November 03, 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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