The stock of Eclipse Resources Corp (NYSE:ECR) is a huge mover today! About 689,181 shares traded hands. Eclipse Resources Corp (NYSE:ECR) has risen 219.61% since March 10, 2016 and is uptrending. It has outperformed by 212.09% the S&P500.
The move comes after 7 months positive chart setup for the $891.76M company. It was reported on Oct, 13 by Barchart.com. We have $5.28 PT which if reached, will make NYSE:ECR worth $419.13 million more.
Analysts await Eclipse Resources Corp (NYSE:ECR) to report earnings on November, 9. They expect $-0.03 earnings per share, up 85.71% or $0.18 from last year’s $-0.21 per share. After $-0.12 actual earnings per share 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. As per Monday, September 14, the company rating was maintained by Citigroup. The firm has “Hold” rating given on Tuesday, August 4 by Deutsche Bank. JP Morgan initiated Eclipse Resources Corp (NYSE:ECR) on Wednesday, December 9 with “Neutral” rating. As per Friday, March 18, the company rating was reinitiated by RBC Capital Markets. Johnson Rice upgraded the stock to “Accumulate” rating in Friday, June 10 report. The firm has “Buy” rating by Seaport Global given on Tuesday, June 7. The stock has “Buy” rating given by GMP Securities on Wednesday, September 28. The stock of Eclipse Resources Corp (NYSE:ECR) has “Buy” rating given on Monday, October 12 by Topeka Capital Markets. The firm has “Neutral” rating by Seaport Global given on Wednesday, January 13. Deutsche Bank maintained Eclipse Resources Corp (NYSE:ECR) on Wednesday, October 14 with “Hold” 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 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.
Landscape Cap Management Limited Company has 16,646 shares for 0.01% of their US portfolio. Martingale Asset Management L P holds 0.01% of its portfolio in Eclipse Resources Corp (NYSE:ECR) for 104,317 shares. Retail Bank Of New York Mellon Corporation has 891,811 shares for 0% of their US portfolio. Blackstone Gp Limited Partnership owns 3.41 million shares or 0.05% of their US portfolio. Wesbanco Bancorp accumulated 0% or 11,460 shares. Swiss Financial Bank holds 0% or 98,000 shares in its portfolio. Moreover, Great West Life Assurance Can has 0% invested in Eclipse Resources Corp (NYSE:ECR) for 7,490 shares. Balyasny Asset Lc owns 16,950 shares or 0% of their US portfolio. Alyeska Invest Group L P, a Illinois-based fund reported 3.45M shares. Encompass Capital Advsr Lc has 2.20 million shares for 2.18% of their US portfolio. Moreover, Ladenburg Thalmann Serv has 0% invested in Eclipse Resources Corp (NYSE:ECR) for 1,500 shares. Voya Investment Mngmt Lc holds 0% or 21,108 shares in its portfolio. Piper Jaffray And has 125,000 shares for 1.8% of their US portfolio. Teacher Retirement Systems Of Texas holds 7,602 shares or 0% of its portfolio. Blackrock Ltd Llc accumulated 191,757 shares or 0% of the stock.
More important 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 article titled: “Wow! Eclipse Resources Corp. Explodes Higher on an Upgrade”, 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 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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