Eclipse Resources Corporation (ECR) Trading Down 12%

Eclipse Resources Corporation (NYSE:ECR) shares were down 12% during trading on Friday . The stock traded as low as $2.06 and last traded at $2.13. Approximately 1,718,895 shares were traded during trading, an increase of 73% from the average daily volume of 995,567 shares. The stock had previously closed at $2.42.

Several research analysts recently commented on ECR shares. ValuEngine lowered shares of Eclipse Resources Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Stifel Nicolaus reiterated a “buy” rating and set a $5.00 price objective (up previously from $4.00) on shares of Eclipse Resources Corporation in a research note on Monday, June 19th. Barclays PLC reiterated a “hold” rating and set a $3.00 price objective on shares of Eclipse Resources Corporation in a research note on Wednesday, May 24th. Scotiabank set a $4.00 price objective on shares of Eclipse Resources Corporation and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Finally, BMO Capital Markets reiterated a “hold” rating and set a $3.00 price objective on shares of Eclipse Resources Corporation in a research note on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. Eclipse Resources Corporation has an average rating of “Hold” and an average target price of $3.37.

The company’s market cap is $559.63 million. The stock’s 50-day moving average price is $2.43 and its 200 day moving average price is $2.40.

In other Eclipse Resources Corporation news, COO Oleg E. Tolmachev sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $2.57, for a total transaction of $51,400.00. Following the sale, the chief operating officer now owns 423,920 shares of the company’s stock, valued at $1,089,474.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in ECR. Dimensional Fund Advisors LP raised its holdings in Eclipse Resources Corporation by 51.2% during the second quarter. Dimensional Fund Advisors LP now owns 3,037,907 shares of the energy producer’s stock worth $8,690,000 after purchasing an additional 1,028,904 shares in the last quarter. Rubric Capital Management LP raised its holdings in Eclipse Resources Corporation by 47.6% during the second quarter. Rubric Capital Management LP now owns 2,509,400 shares of the energy producer’s stock worth $7,177,000 after purchasing an additional 809,400 shares in the last quarter. TIAA CREF Investment Management LLC raised its holdings in Eclipse Resources Corporation by 185.2% during the second quarter. TIAA CREF Investment Management LLC now owns 1,124,592 shares of the energy producer’s stock worth $3,216,000 after purchasing an additional 730,285 shares in the last quarter. AQR Capital Management LLC raised its holdings in Eclipse Resources Corporation by 107.8% during the first quarter. AQR Capital Management LLC now owns 1,015,502 shares of the energy producer’s stock worth $2,580,000 after purchasing an additional 526,735 shares in the last quarter. Finally, Boston Partners raised its holdings in Eclipse Resources Corporation by 18.9% during the first quarter. Boston Partners now owns 2,665,040 shares of the energy producer’s stock worth $6,769,000 after purchasing an additional 423,101 shares in the last quarter. 93.66% of the stock is currently owned by institutional investors.

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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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