Eclipse Resources Corporation (ECR) Trading Down 12%
Eclipse Resources Corporation (NYSE:ECR) shares traded down 12% during trading on Friday . The company traded as low as $2.06 and last traded at $2.13. 1,718,895 shares were traded during mid-day trading, an increase of 73% from the average session volume of 995,567 shares. The stock had previously closed at $2.42.
A number of research analysts recently commented on the company. Goldman Sachs Group, Inc. (The) cut Eclipse Resources Corporation from a “neutral” rating to a “sell” rating and set a $1.50 price target on the stock. in a report on Friday. Barclays PLC boosted their price target on Eclipse Resources Corporation from $2.50 to $3.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 8th. BMO Capital Markets reissued a “hold” rating and issued a $3.00 price target on shares of Eclipse Resources Corporation in a report on Friday, August 4th. Scotiabank set a $4.00 price target on Eclipse Resources Corporation and gave the stock a “hold” rating in a report on Thursday, August 3rd. Finally, BidaskClub raised Eclipse Resources Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. Eclipse Resources Corporation has an average rating of “Hold” and an average target price of $3.37.
The stock’s market cap is $559.63 million. The stock has a 50 day moving average of $2.43 and a 200 day moving average of $2.40.
In other news, COO Oleg E. Tolmachev sold 20,000 shares of Eclipse Resources Corporation stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $2.57, for a total value of $51,400.00. Following the sale, the chief operating officer now directly owns 423,920 shares of the company’s stock, valued at $1,089,474.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.
Several large investors have recently modified their holdings of ECR. Voya Investment Management LLC boosted its stake in shares of Eclipse Resources Corporation by 83.3% in the second quarter. Voya Investment Management LLC now owns 38,699 shares of the energy producer’s stock worth $111,000 after acquiring an additional 17,591 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in shares of Eclipse Resources Corporation in the first quarter worth approximately $136,000. UBS Asset Management Americas Inc. boosted its stake in shares of Eclipse Resources Corporation by 99.3% in the first quarter. UBS Asset Management Americas Inc. now owns 57,000 shares of the energy producer’s stock worth $145,000 after acquiring an additional 28,400 shares during the last quarter. New York State Common Retirement Fund boosted its stake in shares of Eclipse Resources Corporation by 27.5% in the second quarter. New York State Common Retirement Fund now owns 56,100 shares of the energy producer’s stock worth $160,000 after acquiring an additional 12,099 shares during the last quarter. Finally, Virtu KCG Holdings LLC boosted its stake in shares of Eclipse Resources Corporation by 474.2% in the second quarter. Virtu KCG Holdings LLC now owns 64,394 shares of the energy producer’s stock worth $184,000 after acquiring an additional 53,179 shares during the last quarter. 93.66% of the stock is currently owned by hedge funds and other institutional investors.
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About Eclipse Resources Corporation
Eclipse Resources Corporation is an independent exploration and production company. The Company is engaged in the acquisition and development of oil and natural gas properties in the Appalachian Basin. The Company is the operator of the Utica Core Area and its Marcellus Project Area. The Ordovician-aged Utica Shale is an unconventional reservoir consisting of organic-rich black shale, with production occurring at vertical depths between 6,000 and 10,000 feet.
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