The stock of Eclipse Resources Corp (NYSE:ECR) is a huge mover today! The stock increased 3.77% or $0.11 on November 23, hitting $3.03. About 556,537 shares traded hands. Eclipse Resources Corp (NYSE:ECR) has risen 50.00% since April 22, 2016 and is uptrending. It has outperformed by 44.59% the S&P500.
The move comes after 5 months positive chart setup for the $736.62M company. It was reported on Nov, 24 by Barchart.com. We have $3.12 PT which if reached, will make NYSE:ECR worth $22.10 million more.
Analysts await Eclipse Resources Corp (NYSE:ECR) to report earnings on March, 1. They expect $-0.05 EPS, up 92.19% or $0.59 from last year’s $-0.64 per share. After $-0.08 actual EPS reported by Eclipse Resources Corp for the previous quarter, Wall Street now forecasts -37.50% EPS growth.
Eclipse Resources Corp (NYSE:ECR) Ratings Coverage
Out of 13 analysts covering Eclipse Resources (NYSE:ECR), 6 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 46% are positive. Eclipse Resources has been the topic of 27 analyst reports since July 21, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, November 13 report. The rating was initiated by JP Morgan with “Neutral” on Wednesday, December 9. Citigroup maintained Eclipse Resources Corp (NYSE:ECR) on Monday, September 14 with “Neutral” rating. On Thursday, July 14 the stock rating was maintained by Barclays Capital with “Equalweight”. The company was upgraded on Tuesday, June 7 by Seaport Global. The rating was maintained by Topeka Capital Markets with “Buy” on Thursday, November 12. RBC Capital Markets reinitiated the stock with “Sector Perform” rating in Friday, March 18 report. Goldman Sachs maintained the stock with “Neutral” rating in Tuesday, March 29 report. Johnson Rice upgraded the shares of ECR in a report on Friday, June 10 to “Accumulate” rating. The stock has “Neutral” rating given by Seaport Global on Wednesday, January 13.
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 decreased to 1.75 in Q2 2016. Its down 1.54, from 3.29 in 2016Q1. The ratio worsened, 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.
Tfs Cap Ltd Liability Corporation has 0.03% invested in the company for 55,908 shares. Avalon holds 0% or 20,000 shares in its portfolio. Wesbanco National Bank last reported 0% of its portfolio in the stock. Eam Ltd Llc accumulated 0.11% or 227,237 shares. The New York-based Vollero Beach Capital Prtn Ltd Liability Company has invested 0.04% in Eclipse Resources Corp (NYSE:ECR). Marshall Wace Llp accumulated 2.34M shares or 0.07% of the stock. Bank & Trust Of Montreal Can holds 0% of its portfolio in Eclipse Resources Corp (NYSE:ECR) for 114 shares. Advisory Research Inc last reported 2.34 million shares in the company. Piper Jaffray And Communication holds 1.8% of its portfolio in Eclipse Resources Corp (NYSE:ECR) for 125,000 shares. Ladenburg Thalmann Svcs holds 0% of its portfolio in Eclipse Resources Corp (NYSE:ECR) for 1,500 shares. Columbia Pacific Advsrs Ltd Limited Liability Company has invested 0% of its portfolio in Eclipse Resources Corp (NYSE:ECR). Dimensional Fund Advisors L P accumulated 97,459 shares or 0% of the stock. The New York-based Knott David M has invested 0% in Eclipse Resources Corp (NYSE:ECR). Grp One Trading Limited Partnership has 0% invested in the company for 27,206 shares. Connor Clark & Lunn Investment Mngmt Ltd, a British Columbia – Canada-based fund reported 48,700 shares.
More 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 the news titled: “Eclipse Resources Corp Sinks on Stock Offering” on June 29, 2016. Businesswire.com‘s news article titled: “Eclipse Resources Corporation Announces First Quarter 2016 Results and …” with publication date: May 04, 2016 was also an interesting one.
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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