The stock of Eclipse Resources Corp (NYSE:ECR) is a huge mover today! About 284,119 shares traded hands. Eclipse Resources Corp (NYSE:ECR) has risen 36.70% since April 13, 2016 and is uptrending. It has outperformed by 32.77% the S&P500.
The move comes after 9 months positive chart setup for the $706.20M company. It was reported on Nov, 15 by Barchart.com. We have $4.15 PT which if reached, will make NYSE:ECR worth $374.29M more.
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. Johnson Rice downgraded Eclipse Resources Corp (NYSE:ECR) on Monday, April 18 to “Hold” rating. Topeka Capital Markets maintained it with “Buy” rating and $5 target price in Monday, October 12 report. Topeka Capital Markets downgraded Eclipse Resources Corp (NYSE:ECR) on Tuesday, January 5 to “Hold” rating. On Tuesday, August 4 the stock rating was downgraded by Deutsche Bank to “Hold”. As per Tuesday, August 9, the company rating was upgraded by PiperJaffray. Seaport Global downgraded the stock to “Neutral” rating in Wednesday, January 13 report. The firm has “Accumulate” rating given on Friday, June 10 by Johnson Rice. The firm has “Outperform” rating given on Friday, November 13 by RBC Capital Markets. Seaport Global upgraded the shares of ECR in a report on Tuesday, June 7 to “Buy” rating. Goldman Sachs maintained Eclipse Resources Corp (NYSE:ECR) on Tuesday, March 29 with “Neutral” 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 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.
Paloma Partners Co accumulated 73,806 shares or 0% of the stock. Vollero Beach Partners Ltd Co has invested 0.04% of its portfolio in Eclipse Resources Corp (NYSE:ECR). Ubs Asset Management Americas holds 37,000 shares or 0% of its portfolio. Ubs Oconnor Ltd Liability last reported 0% of its portfolio in the stock. The Massachusetts-based Rhumbline Advisers has invested 0% in Eclipse Resources Corp (NYSE:ECR). Millennium Mgmt Lc holds 0.02% or 2.32 million shares in its portfolio. Blackrock Institutional Na reported 1.42 million shares or 0% of all its holdings. Lansdowne Prtnrs (Uk) Llp accumulated 0% or 100,000 shares. The Ontario – Canada-based National Bank & Trust Of Montreal Can has invested 0% in Eclipse Resources Corp (NYSE:ECR). Moreover, Manufacturers Life Insurance The has 0% invested in Eclipse Resources Corp (NYSE:ECR) for 41,290 shares. Dimensional Fund Advsr L P has 97,459 shares for 0% of their US portfolio. Smith Salley And Associates reported 11,700 shares or 0.01% of all its holdings. Moreover, Nomura Hldg has 0.06% invested in Eclipse Resources Corp (NYSE:ECR) for 5.09M shares. The Illinois-based Advisory Rech has invested 0.13% in Eclipse Resources Corp (NYSE:ECR). Renaissance Tech, a New York-based fund reported 401,401 shares.
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 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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