Eclipse Resources Holdings, LP recently stated that they own a 66.4% stake in Eclipse Resources Corp. (NYSE:ECR) in a Form 13D/A disclosure that was filed with the Securities and Exchange Commission on Friday, September 30th. The investor owns 172,955,027 shares of the stock worth $563,833,388. The reporting parties listed on the disclosure included Eclipse Resources Holdings, LP, Encap Energy Capital Fund Viii, LP, Encap Energy Capital Fund Viii Coinvestors, LP, Encap Energy Capital Fund Ix, LP and Encap Partners, LLC. The disclosure is available through the SEC website at this link.
Several other large investors have also modified their holdings of ECR. Metropolitan Life Insurance Co. NY acquired a new stake in shares of Eclipse Resources Corp. during the second quarter worth $141,000. Geduld E E acquired a new stake in shares of Eclipse Resources Corp. during the second quarter worth $167,000. Monashee Investment Management LLC acquired a new stake in shares of Eclipse Resources Corp. during the second quarter worth $167,000. KCG Holdings Inc. acquired a new stake in shares of Eclipse Resources Corp. during the second quarter worth $170,000. Finally, TFS Capital LLC acquired a new stake in shares of Eclipse Resources Corp. during the second quarter worth $187,000. 32.86% of the stock is currently owned by hedge funds and other institutional investors.
Eclipse Resources Corp. (NYSE:ECR) traded up 0.61% on Friday, hitting $3.28. The stock had a trading volume of 790,246 shares. The company’s market cap is $854.74 million. Eclipse Resources Corp. has a 52-week low of $0.65 and a 52-week high of $4.42. The stock’s 50-day moving average is $3.41 and its 200-day moving average is $2.81.
Eclipse Resources Corp. (NYSE:ECR) last announced its earnings results on Tuesday, August 2nd. The company reported ($0.33) earnings per share for the quarter, missing the Zacks’ 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 business had revenue of $47.10 million for the quarter, compared to the consensus estimate of $51.49 million. During the same period in the prior year, the business posted ($0.19) EPS. Eclipse Resources Corp.’s revenue for the quarter was down 36.8% on a year-over-year basis. Analysts expect that Eclipse Resources Corp. will post ($0.26) earnings per share for the current year.
A number of brokerages have weighed in on ECR. GMP Securities started coverage on Eclipse Resources Corp. in a report on Wednesday. They issued a “buy” rating and a $7.00 target price on the stock. Zacks Investment Research raised Eclipse Resources Corp. from a “hold” rating to a “buy” rating and set a $4.25 price objective on the stock in a report on Wednesday, June 15th. Johnson Rice raised Eclipse Resources Corp. from a “hold” rating to an “accumulate” rating in a report on Friday, June 10th. Simmons raised Eclipse Resources Corp. from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $3.00 to $4.00 in a report on Tuesday, August 9th. Finally, Piper Jaffray Cos. raised Eclipse Resources Corp. from an “underweight” rating to a “neutral” rating in a report on Tuesday, August 9th. Eleven analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $3.31.
In other Eclipse Resources Corp. news, insider Benjamin Ward Hulburt sold 58,979 shares of the firm’s stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $3.59, for a total transaction of $211,734.61. Following the completion of the transaction, the insider now owns 834,772 shares of the company’s stock, valued at $2,996,831.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company 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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