Market Runner: Is Eclipse Resources Corp a Buy? The Stock Rises Again

Market Runner: Is Eclipse Resources Corp a Buy? The Stock Rises Again

The stock of Eclipse Resources Corp (NYSE:ECR) is a huge mover today! About 428,288 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.
The move comes after 5 months positive chart setup for the $909.95M company. It was reported on Oct, 3 by Barchart.com. We have $4.71 PT which if reached, will make NYSE:ECR worth $327.58 million 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. GMP Securities reinitiated Eclipse Resources Corp (NYSE:ECR) rating on Wednesday, September 28. GMP Securities has “Buy” rating and $7 price target. The firm earned “Outperform” rating on Friday, November 13 by RBC Capital Markets. As per Tuesday, June 7, the company rating was upgraded by Seaport Global. Johnson Rice downgraded the stock to “Hold” rating in Monday, April 18 report. RBC Capital Markets reinitiated the shares of ECR in a report on Friday, March 18 with “Sector Perform” rating. As per Tuesday, August 9, the company rating was upgraded by PiperJaffray. Citigroup maintained Eclipse Resources Corp (NYSE:ECR) rating on Monday, September 14. Citigroup has “Neutral” rating and $4 price target. Seaport Global downgraded the shares of ECR in a report on Wednesday, January 13 to “Neutral” rating. The firm has “Neutral” rating given on Wednesday, December 9 by JP Morgan. Barclays Capital maintained the shares of ECR in a report on Thursday, July 14 with “Equalweight” 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 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.
Moreover, Tiaa Cref Limited Liability Corporation has 0% invested in Eclipse Resources Corp (NYSE:ECR) for 92,472 shares. National Bank Of Montreal Can last reported 114 shares in the company. Penn Mngmt Com has invested 0.01% of its portfolio in Eclipse Resources Corp (NYSE:ECR). Martingale Asset Mngmt Limited Partnership has 104,317 shares for 0.01% of their US portfolio. Ladenburg Thalmann Financial Svcs Incorporated, a Florida-based fund reported 1,500 shares. Dimensional Fund Advsrs Limited Partnership, a Texas-based fund reported 97,459 shares. Northern Trust has 519,621 shares for 0% of their US portfolio. Tfs Cap Ltd Liability reported 55,908 shares or 0.03% of all its holdings. Kayne Anderson L P owns 269,500 shares or 0.01% of their US portfolio. The New York-based Knott David M has invested 0% in Eclipse Resources Corp (NYSE:ECR). Swiss Comml Bank reported 98,000 shares or 0% of all its holdings. Credit Suisse Ag holds 0% or 384,631 shares in its portfolio. Blackrock Institutional Trust Na last reported 0% of its portfolio in the stock. Moreover, Voya Investment Mngmt Lc has 0% invested in Eclipse Resources Corp (NYSE:ECR) for 21,108 shares. Tudor Inv Corporation Et Al last reported 438,560 shares in the company.

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.

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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