Eclipse Resources Corporation (NYSE:ECR) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.
Several other research firms have also issued reports on ECR. Scotiabank reiterated a “hold” rating and issued a $4.00 target price on shares of Eclipse Resources Corporation in a research note on Friday, June 30th. ValuEngine upgraded Eclipse Resources Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Barclays PLC reiterated a “neutral” rating on shares of Eclipse Resources Corporation in a research note on Friday, July 7th. Seaport Global Securities lowered Eclipse Resources Corporation from a “buy” rating to a “neutral” rating and cut their target price for the company from $3.25 to $2.75 in a research note on Wednesday, June 21st. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $5.00 target price (up previously from $4.00) on shares of Eclipse Resources Corporation in a research note on Monday, June 19th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $3.60.
Shares of Eclipse Resources Corporation (NYSE:ECR) traded down 4.14% during mid-day trading on Wednesday, reaching $2.55. 1,205,226 shares of the company’s stock traded hands. The stock’s market cap is $669.59 million. The firm’s 50 day moving average price is $2.70 and its 200-day moving average price is $2.43. Eclipse Resources Corporation has a 12-month low of $1.60 and a 12-month high of $3.81.
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In other news, CFO Matthew R. Denezza sold 30,000 shares of the business’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $2.30, for a total transaction of $69,000.00. Following the sale, the chief financial officer now owns 573,683 shares in the company, valued at $1,319,470.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Benjamin Ward Hulburt sold 75,000 shares of the business’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $2.50, for a total value of $187,500.00. Following the sale, the insider now owns 1,321,958 shares in the company, valued at approximately $3,304,895. The disclosure for this sale can be found here. Insiders have sold 125,000 shares of company stock worth $302,500 in the last 90 days. Insiders own 1.10% of the company’s stock.
Several large investors have recently modified their holdings of the company. Ameriprise Financial Inc. raised its stake in shares of Eclipse Resources Corporation by 15.0% in the first quarter. Ameriprise Financial Inc. now owns 1,802,673 shares of the energy producer’s stock worth $4,578,000 after buying an additional 234,600 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in shares of Eclipse Resources Corporation during the first quarter worth $136,000. UBS Asset Management Americas Inc. raised 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 buying an additional 28,400 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Eclipse Resources Corporation by 8.7% in the first quarter. Bank of New York Mellon Corp now owns 392,498 shares of the energy producer’s stock worth $997,000 after buying an additional 31,451 shares during the last quarter. Finally, Boston Partners raised its stake in shares of Eclipse Resources Corporation by 18.9% in the first quarter. Boston Partners now owns 2,665,040 shares of the energy producer’s stock worth $6,769,000 after buying an additional 423,101 shares during the last quarter. Institutional investors and hedge funds own 92.38% of the company’s stock.
Eclipse Resources Corporation Company Profile
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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