Bank of New York Mellon Corp raised its position in Eclipse Resources Corp. (NYSE:ECR) by 58.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 891,811 shares of the company’s stock after buying an additional 328,125 shares during the period. Bank of New York Mellon Corp owned about 0.40% of Eclipse Resources Corp. worth $2,979,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in ECR. Renaissance Technologies LLC purchased a new stake in Eclipse Resources Corp. during the first quarter valued at about $156,000. Jacobs Levy Equity Management Inc. purchased a new stake in Eclipse Resources Corp. during the first quarter valued at about $202,000. JPMorgan Chase & Co. raised its stake in Eclipse Resources Corp. by 15,620.4% in the first quarter. JPMorgan Chase & Co. now owns 1,355,100 shares of the company’s stock valued at $1,951,000 after buying an additional 1,346,480 shares during the period. Finally, Sanders Morris Harris Inc. raised its stake in Eclipse Resources Corp. by 11.7% in the second quarter. Sanders Morris Harris Inc. now owns 3,234,277 shares of the company’s stock valued at $10,803,000 after buying an additional 339,500 shares during the period. 32.86% of the stock is currently owned by institutional investors and hedge funds.
Eclipse Resources Corp. (NYSE:ECR) traded up 0.92% during midday trading on Friday, reaching $3.29. 1,656,193 shares of the company traded hands. The firm’s market capitalization is $857.34 million. The firm has a 50-day moving average price of $3.41 and a 200-day moving average price of $2.82. Eclipse Resources Corp. has a one year low of $0.65 and a one year high of $4.42.
Eclipse Resources Corp. (NYSE:ECR) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.08) by $0.25. Eclipse Resources Corp. had a negative net margin of 431.72% and a negative return on equity of 32.33%. The company had revenue of $47.10 million for the quarter, compared to the consensus estimate of $51.49 million. During the same quarter last year, the business posted ($0.19) earnings per share. Eclipse Resources Corp.’s revenue was down 36.8% on a year-over-year basis. Equities analysts predict that Eclipse Resources Corp. will post ($0.26) EPS for the current fiscal year.
Several research firms have issued reports on ECR. GMP Securities began coverage on shares of Eclipse Resources Corp. in a research report on Wednesday. They set a “buy” rating and a $7.00 price target on the stock. Piper Jaffray Cos. upgraded shares of Eclipse Resources Corp. from an “underweight” rating to a “neutral” rating in a report on Tuesday, August 9th. Simmons upgraded shares of Eclipse Resources Corp. from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $3.00 to $4.00 in a report on Tuesday, August 9th. Zacks Investment Research downgraded shares of Eclipse Resources Corp. from a “buy” rating to a “hold” rating in a report on Monday, August 8th. Finally, Barclays PLC upped their price objective on shares of Eclipse Resources Corp. from $2.00 to $3.00 and gave the company an “equal weight” rating in a report on Thursday, July 14th. Eleven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Eclipse Resources Corp. presently has an average rating of “Hold” and a consensus price target of $3.31.
In other news, insider Benjamin Ward Hulburt sold 58,979 shares of Eclipse Resources Corp. stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $3.59, for a total transaction of $211,734.61. Following the sale, the insider now directly owns 834,772 shares in the company, valued at approximately $2,996,831.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.13% of the company’s stock.
Eclipse Resources Corp. Company Profile
Eclipse Resources Corporation (Eclipse) 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 has assembled an acreage position approximating 221,700 net acres in Eastern Ohio.
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