A Reversal for Eclipse Resources Corporation (ECR) Is Not Near. The Stock Reaches 1 Year Low Today

April 16, 2018 - By Michael Collier

Eclipse Resources Corporation (NYSE:ECR) Logo

Investors sentiment decreased to 0.95 in 2017 Q4. Its down 0.25, from 1.2 in 2017Q3. It fall, as 10 investors sold Eclipse Resources Corporation shares while 29 reduced holdings. 16 funds opened positions while 21 raised stakes. 58.75 million shares or 2.92% less from 60.52 million shares in 2017Q3 were reported.
Morgan Stanley holds 0% or 183,520 shares. Gsa Partners Ltd Liability Partnership owns 70,917 shares for 0.01% of their portfolio. Penn Capital Mgmt Company, a Pennsylvania-based fund reported 1.23 million shares. Ameritas Invest Partners reported 4,808 shares. California State Teachers Retirement Systems reported 0% in Eclipse Resources Corporation (NYSE:ECR). 12,816 are held by Principal Fincl Gp. Jpmorgan Chase & Com holds 0% of its portfolio in Eclipse Resources Corporation (NYSE:ECR) for 700,256 shares. Gm Advisory Group Inc has 30,920 shares. Royal Bancorporation Of Canada has invested 0% of its portfolio in Eclipse Resources Corporation (NYSE:ECR). Renaissance Techs Ltd Liability Company has invested 0.01% in Eclipse Resources Corporation (NYSE:ECR). Millennium Mngmt Llc stated it has 0% of its portfolio in Eclipse Resources Corporation (NYSE:ECR). Moreover, Macquarie Grp Inc has 0% invested in Eclipse Resources Corporation (NYSE:ECR). Cornerstone Mgmt Ltd accumulated 0% or 99,700 shares. Parallax Volatility Advisers Ltd Partnership invested in 13,440 shares or 0% of the stock. State Common Retirement Fund has 0% invested in Eclipse Resources Corporation (NYSE:ECR) for 56,100 shares.

The stock of Eclipse Resources Corporation (NYSE:ECR) hit a new 52-week low and has $1.18 target or 8.00 % below today’s $1.28 share price. The 9 months bearish chart indicates high risk for the $386.27 million company. The 1-year low was reported on Apr, 16 by Barchart.com. If the $1.18 price target is reached, the company will be worth $30.90 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 1.54% or $0.02 during the last trading session, reaching $1.28. About 438,471 shares traded. Eclipse Resources Corporation (NYSE:ECR) has declined 42.67% since April 16, 2017 and is downtrending. It has underperformed by 54.22% the S&P500.

Analysts await Eclipse Resources Corporation (NYSE:ECR) to report earnings on May, 3. They expect $-0.01 EPS, down 200.00 % or $0.02 from last year’s $0.01 per share. After $0.01 actual EPS reported by Eclipse Resources Corporation for the previous quarter, Wall Street now forecasts -200.00 % negative EPS growth.

Eclipse Resources Corporation (NYSE:ECR) Ratings Coverage

Among 4 analysts covering Eclipse Resources (NYSE:ECR), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Eclipse Resources had 6 analyst reports since October 19, 2017 according to SRatingsIntel. Seaport Global upgraded Eclipse Resources Corporation (NYSE:ECR) on Tuesday, December 19 to “Buy” rating. The company was maintained on Thursday, October 19 by KeyBanc Capital Markets. The stock has “Hold” rating by BMO Capital Markets on Wednesday, April 11. The firm earned “Buy” rating on Monday, December 11 by Johnson Rice. The firm has “Buy” rating given on Monday, November 20 by KeyBanc Capital Markets. KeyBanc Capital Markets maintained Eclipse Resources Corporation (NYSE:ECR) rating on Wednesday, February 28. KeyBanc Capital Markets has “Buy” rating and $3.0 target.

Eclipse Resources Corporation, an independent exploration and production company, acquires and develops oil and natural gas properties in the Appalachian Basin. The company has market cap of $386.27 million. The firm owns interests in the Utica Shale and Marcellus Shale areas. It has a 42.67 P/E ratio. As of December 31, 2016, it had an acreage position approximating 199,000 net acres in Eastern Ohio.

Eclipse Resources Corporation (NYSE:ECR) Institutional Positions Chart

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