Could Eclipse Resources Corporation (NYSE:ECR) Skyrocket? The Stock Has Too Many Sellers

May 25, 2018 - By Darrin Black

Eclipse Resources Corporation (NYSE:ECR) Logo

Investors sentiment decreased to 0.95 in Q4 2017. Its down 0.25, from 1.2 in 2017Q3. It is negative, 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.
California State Teachers Retirement Systems accumulated 137,458 shares. Magnetar Financial Ltd Liability Company owns 3.10M shares or 0.18% of their US portfolio. Cubist Systematic Strategies Limited Liability Corporation invested in 24,357 shares or 0% of the stock. Dimensional Fund Limited Partnership invested 0% in Eclipse Resources Corporation (NYSE:ECR). 79,026 are owned by Manufacturers Life Ins Co The. 30,984 are owned by Teacher Retirement Systems Of Texas. Legal General Public Limited Liability Company reported 21,383 shares. Swiss National Bank & Trust reported 146,200 shares. Kohlberg Kravis Roberts & L P reported 0.26% in Eclipse Resources Corporation (NYSE:ECR). Aperio Grp Inc Limited Liability Corp has invested 0% of its portfolio in Eclipse Resources Corporation (NYSE:ECR). Wells Fargo & Co Mn accumulated 39,646 shares or 0% of the stock. Blackstone Lp stated it has 0.03% of its portfolio in Eclipse Resources Corporation (NYSE:ECR). Invesco Ltd holds 0% in Eclipse Resources Corporation (NYSE:ECR) or 160,678 shares. Jacobs Levy Equity, New Jersey-based fund reported 23,000 shares. Tower Lc (Trc) stated it has 0% of its portfolio in Eclipse Resources Corporation (NYSE:ECR).

The stock of Eclipse Resources Corporation (NYSE:ECR) registered an increase of 17.4% in short interest. ECR’s total short interest was 3.20 million shares in May as published by FINRA. Its up 17.4% from 2.73 million shares, reported previously. With 815,000 shares average volume, it will take short sellers 4 days to cover their ECR’s short positions. The short interest to Eclipse Resources Corporation’s float is 4.22%.

The stock decreased 2.98% or $0.045 during the last trading session, reaching $1.465. About 800,842 shares traded. Eclipse Resources Corporation (NYSE:ECR) has declined 42.67% since May 25, 2017 and is downtrending. It has underperformed by 54.22% the S&P500.

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 $442.57 million. The firm owns interests in the Utica Shale and Marcellus Shale areas. It has a 48.83 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) 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 5 analyst reports since December 11, 2017 according to SRatingsIntel. As per Tuesday, December 19, the company rating was upgraded by Seaport Global. The firm earned “Hold” rating on Wednesday, April 11 by BMO Capital Markets. KeyBanc Capital Markets maintained the stock with “Overweight” rating in Monday, April 23 report. The rating was maintained by KeyBanc Capital Markets on Wednesday, February 28 with “Buy”. The firm earned “Buy” rating on Monday, December 11 by Johnson Rice.

Another recent and important Eclipse Resources Corporation (NYSE:ECR) news was published by Seekingalpha.com which published an article titled: “Eclipse Resources +12% as Q1 earnings, revenues top estimate” on May 03, 2018.

Eclipse Resources Corporation (NYSE:ECR) Institutional Positions Chart

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