The stock of Eclipse Resources Corp (NYSE:ECR) is a huge mover today! About 1.54 million shares traded hands or 40.00% up from the average. Eclipse Resources Corp (NYSE:ECR) has risen 5.56% since April 27, 2016 and is uptrending. It has outperformed by 0.33% the S&P500.
The move comes after 7 months positive chart setup for the $760.26 million company. It was reported on Nov, 30 by Barchart.com. We have $3.24 PT which if reached, will make NYSE:ECR worth $45.62 million more.
Analysts await Eclipse Resources Corp (NYSE:ECR) to report earnings on March, 1. They expect $-0.05 earnings per share, up 92.19% or $0.59 from last year’s $-0.64 per share. After $-0.08 actual earnings per share 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. Topeka Capital Markets maintained Eclipse Resources Corp (NYSE:ECR) rating on Monday, October 12. Topeka Capital Markets has “Buy” rating and $5 price target. The stock of Eclipse Resources Corp (NYSE:ECR) has “Buy” rating given on Tuesday, June 7 by Seaport Global. On Tuesday, January 5 the stock rating was downgraded by Topeka Capital Markets to “Hold”. The rating was downgraded by Johnson Rice on Monday, April 18 to “Hold”. On Monday, September 14 the stock rating was maintained by Citigroup with “Neutral”. KLR Group initiated the shares of ECR in a report on Monday, November 21 with “Buy” rating. The firm has “Accumulate” rating given on Friday, June 10 by Johnson Rice. The firm has “Hold” rating by Deutsche Bank given on Tuesday, August 4. The company was reinitiated on Friday, March 18 by RBC Capital Markets. Topeka Capital Markets maintained Eclipse Resources Corp (NYSE:ECR) rating on Thursday, November 12. Topeka Capital Markets has “Buy” rating and $4 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 decreased to 1.75 in 2016 Q2. 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.
Savings Bank Of Montreal Can has 114 shares for 0% of their US portfolio. Engineers Gate Manager Ltd Partnership has invested 0.03% of its portfolio in Eclipse Resources Corp (NYSE:ECR). The New York-based Renaissance Techs Lc has invested 0% in Eclipse Resources Corp (NYSE:ECR). California State Teachers Retirement accumulated 0% or 102,308 shares. Balyasny Asset Management Limited Liability Corp holds 16,950 shares or 0% of its portfolio. Fincl Architects Inc has invested 0% of its portfolio in Eclipse Resources Corp (NYSE:ECR). Natl Bank Of America De reported 10,616 shares or 0% of all its holdings. Moore Cap Mngmt Lp owns 1.45M shares or 0.19% of their US portfolio. Advisory reported 2.34 million shares or 0.13% of all its holdings. Goldman Sachs holds 0.01% or 5.38 million shares in its portfolio. Pnc Serv Group Inc, a Pennsylvania-based fund reported 2,000 shares. Vantage Inv Advisors Ltd Com last reported 0.01% of its portfolio in the stock. Tudor Investment Et Al has invested 0.03% of its portfolio in Eclipse Resources Corp (NYSE:ECR). Moreover, Blackrock has 0% invested in Eclipse Resources Corp (NYSE:ECR) for 17,000 shares. Smith Salley And Associates owns 11,700 shares or 0.01% of their US portfolio.
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.