Royal Bank of Canada decreased its position in Eclipse Resources Corporation (NYSE:ECR) by 16.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,365 shares of the energy producer’s stock after selling 8,201 shares during the period. Royal Bank of Canada’s holdings in Eclipse Resources were worth $115,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Voya Investment Management LLC increased its stake in shares of Eclipse Resources by 83.3% during the second quarter. Voya Investment Management LLC now owns 38,699 shares of the energy producer’s stock worth $111,000 after purchasing an additional 17,591 shares in the last quarter. New York State Common Retirement Fund increased its stake in shares of Eclipse Resources by 27.5% during 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 in the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of Eclipse Resources by 99.3% during 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 in the last quarter. Virtu KCG Holdings LLC increased its stake in shares of Eclipse Resources by 474.2% during the second quarter. Virtu KCG Holdings LLC now owns 64,394 shares of the energy producer’s stock worth $184,000 after purchasing an additional 53,179 shares in the last quarter. Finally, Engineers Gate Manager LP increased its stake in shares of Eclipse Resources by 79.0% during the second quarter. Engineers Gate Manager LP now owns 95,717 shares of the energy producer’s stock worth $274,000 after purchasing an additional 42,237 shares in the last quarter. 92.50% of the stock is owned by institutional investors.

Eclipse Resources Corporation (NYSE ECR) opened at $2.50 on Wednesday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.85. Eclipse Resources Corporation has a fifty-two week low of $1.60 and a fifty-two week high of $3.32.

Eclipse Resources (NYSE:ECR) last posted its earnings results on Wednesday, November 8th. The energy producer reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.02. The company had revenue of $91.55 million for the quarter, compared to analyst estimates of $90.67 million. Eclipse Resources had a negative net margin of 11.46% and a negative return on equity of 3.00%. Eclipse Resources’s revenue was up 68.4% on a year-over-year basis. During the same period in the previous year, the business posted ($0.10) EPS. equities analysts expect that Eclipse Resources Corporation will post -0.07 EPS for the current year.

ECR has been the subject of a number of research reports. Goldman Sachs Group cut shares of Eclipse Resources from a “neutral” rating to a “sell” rating and cut their target price for the stock from $2.25 to $1.50 in a research note on Friday, September 8th. Scotiabank set a $4.00 target price on shares of Eclipse Resources and gave the stock a “hold” rating in a research note on Thursday, August 3rd. BMO Capital Markets set a $3.00 target price on shares of Eclipse Resources and gave the stock a “hold” rating in a research note on Tuesday, October 10th. Stifel Nicolaus set a $5.00 target price on shares of Eclipse Resources and gave the stock a “buy” rating in a research note on Thursday, October 5th. Finally, BidaskClub raised shares of Eclipse Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. Eclipse Resources has an average rating of “Hold” and an average price target of $2.87.

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About Eclipse Resources

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.

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

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