Eclipse Resources (ECR) is Downgraded by Topeka Capital Markets to Hold according to the research report released to the investors. The Brokerage Firm has Lowered the Price Target of the company shares to $2 from a previous price target of $4 . Earlier the firm had a rating of Buy on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-5-2016.
Eclipse Resources Corporation has dropped 13.74% during the last 3-month period . Year-to-Date the stock performance stands at -74.11%.The company shares have dropped -76.93% from its 1 Year high price. On Feb 6, 2015, the shares registered one year high at $8.10 and the one year low was seen on Dec 21, 2015. The 50-Day Moving Average price is $2.09 and the 200 Day Moving Average price is recorded at $3.32.
Shares of Eclipse Resources Corporation (NYSE:ECR) appreciated by 8.33% during the past week but lost 20.18% on a 4-week basis. The shares have outperformed the S&P 500 by 9.24% in the past week but underperformed the index by 18.31% in the last 4 weeks.
Eclipse Resources Corporation (NYSE:ECR) : On Thursday heightened volatility was witnessed in Eclipse Resources Corporation (NYSE:ECR) which led to swings in the share price. The shares opened for trading at $1.64 and hit $1.85 on the upside , eventually ending the session at $1.82, with a gain of 10.98% or 0.18 points. The heightened volatility saw the trading volume jump to 486,647 shares. The 52-week high of the share price is $8.1 and the company has a market cap of $405 million. The 52-week low of the share price is at $1.31 .
Currently the company Insiders own 0.08% of Eclipse Resources Corporation shares according to the proxy statements. Institutional Investors own 25.73% of Eclipse Resources Corporation shares. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The Securities and Exchange Commission has divulged in a Form 4 filing that the COO of Eclipse Resources Corp, Liberatore Thomas S had purchased shares worth of $97,068 in a transaction dated on December 27, 2014. A total of 13,788 shares were purchased at a price of $7.04 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Eclipse Resources Corporation is an independent exploration and production company engaged in the acquisition and development of oil and natural gas properties in the Appalachian Basin. As of March 31, 2014, the Company had assembled an acreage position approximating 227,230 net acres in Eastern Ohio. Its Ordovician-aged Utica Shale is an unconventional reservoir comprised of organic-rich black shale, with most production occurring at vertical depths between 6,000 and 10,000 feet. The richest and thickest concentration of organic-carbon content is present within the Point Pleasant layer of the Lower Utica formation. The Company has evaluated the results of 56 wells that have been publicly disclosed within the Utica Core Area, 13 of which it has drilled or participated in. The Marcellus Shale consists of organic-rich black shale, with most production occurring at vertical depths between 5,000 and 8,000 feet.