Penn Capital Management Co. Inc. reduced its position in Eclipse Resources Corporation (NYSE:ECR) by 18.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,099,093 shares of the energy producer’s stock after selling 243,583 shares during the quarter. Penn Capital Management Co. Inc. owned approximately 0.42% of Eclipse Resources Corporation worth $3,143,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of ECR. Engineers Gate Manager LP bought a new position in shares of Eclipse Resources Corporation in the first quarter worth approximately $136,000. UBS Asset Management Americas Inc. boosted its position 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 purchasing an additional 28,400 shares during the period. New York State Common Retirement Fund boosted its position 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 purchasing an additional 12,099 shares during the period. Rhumbline Advisers boosted its position in shares of Eclipse Resources Corporation by 60.5% in the second quarter. Rhumbline Advisers now owns 98,055 shares of the energy producer’s stock worth $280,000 after purchasing an additional 36,956 shares during the period. Finally, Alambic Investment Management L.P. bought a new position in shares of Eclipse Resources Corporation in the first quarter worth approximately $292,000. Institutional investors and hedge funds own 93.66% of the company’s stock.

ECR has been the subject of a number of recent analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $5.00 price target (up from $4.00) on shares of Eclipse Resources Corporation in a research report on Monday, June 19th. KLR Group set a $4.00 target price on shares of Eclipse Resources Corporation and gave the stock a “buy” rating in a report on Wednesday, June 7th. Royal Bank Of Canada set a $4.00 target price on shares of Eclipse Resources Corporation and gave the stock a “buy” rating in a report on Saturday, June 3rd. Barclays PLC boosted their target price on shares of Eclipse Resources Corporation from $2.50 to $3.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 8th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $3.00 target price on shares of Eclipse Resources Corporation in a report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. Eclipse Resources Corporation presently has a consensus rating of “Hold” and a consensus target price of $3.24.

In related news, COO Oleg E. Tolmachev sold 20,000 shares of Eclipse Resources Corporation stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $2.57, for a total value of $51,400.00. Following the sale, the chief operating officer now owns 423,920 shares of the company’s stock, valued at approximately $1,089,474.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is currently owned by company insiders.

Eclipse Resources Corporation (NYSE ECR) remained flat at $2.44 during trading on Friday. The company’s stock had a trading volume of 12,416 shares. The company has a 50-day moving average of $2.36 and a 200 day moving average of $2.40. Eclipse Resources Corporation has a 52 week low of $1.60 and a 52 week high of $3.66. The stock’s market capitalization is $641.08 million.

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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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Institutional Ownership by Quarter for Eclipse Resources Corporation (NYSE:ECR)

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