Eclipse Resources Corp (NYSE:ECR) shot up 3% on Monday . The company traded as high as $1.68 and last traded at $1.61. 314,916 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 732,397 shares. The stock had previously closed at $1.66.
A number of research firms have weighed in on ECR. Zacks Investment Research downgraded Eclipse Resources from a “hold” rating to a “sell” rating in a research report on Friday, March 9th. KeyCorp set a $3.00 target price on Eclipse Resources and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Scotiabank set a $4.00 target price on Eclipse Resources and gave the stock a “hold” rating in a research report on Tuesday, December 12th. Seaport Global Securities upgraded Eclipse Resources from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 19th. Finally, Johnson Rice raised Eclipse Resources from an “accumulate” rating to a “buy” rating in a report on Monday, December 11th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $3.23.
The stock has a market cap of $412.79, a price-to-earnings ratio of 53.33 and a beta of 2.86. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.72 and a current ratio of 0.72.
In other news, major shareholder Encap Energy Capital Fund Viii bought 37,823,596 shares of the business’s stock in a transaction on Thursday, January 18th. The shares were bought at an average cost of $2.44 per share, with a total value of $92,289,574.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Oleg E. Tolmachev sold 50,000 shares of the business’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $1.62, for a total transaction of $81,000.00. Following the sale, the chief operating officer now directly owns 594,051 shares in the company, valued at $962,362.62. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the business. Macquarie Group Ltd. acquired a new stake in Eclipse Resources during the 3rd quarter valued at $101,000. Voya Investment Management LLC raised its stake in Eclipse Resources by 83.3% during the 2nd quarter. Voya Investment Management LLC now owns 38,699 shares of the energy producer’s stock valued at $111,000 after purchasing an additional 17,591 shares during the period. GSA Capital Partners LLP raised its stake in Eclipse Resources by 120.5% during the 3rd quarter. GSA Capital Partners LLP now owns 45,304 shares of the energy producer’s stock valued at $113,000 after purchasing an additional 24,754 shares during the period. Engineers Gate Manager LP acquired a new position in shares of Eclipse Resources in the fourth quarter worth $113,000. Finally, Bank of Montreal Can acquired a new position in shares of Eclipse Resources in the fourth quarter worth $117,000. 80.68% of the stock is currently owned by institutional investors.
ILLEGAL ACTIVITY NOTICE: This piece was originally published by Markets Daily and is owned by of Markets Daily. If you are accessing this piece on another site, it was stolen and reposted in violation of United States and international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.themarketsdaily.com/2018/03/14/eclipse-resources-ecr-shares-up-3.html.
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.
Receive News & Ratings for Eclipse Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eclipse Resources and related companies with MarketBeat.com's FREE daily email newsletter.