Eclipse Resources Corporation (ECR) has been under a strong bear grip, hence the stock is down -36.68% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.04% in the past 1 week. The stock has risen by 1.53% in the past week indicating that the buyers are active at lower levels, but the stock is down -33.92% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 22.62% and the 50-Day Moving Average is 15.26%.
Eclipse Resources Corporation (NYSE:ECR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $2.59 and $2.51 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $2.69. The buying momentum continued till the end and the stock did not give up its gains. It closed at $2.65, notching a gain of 3.92% for the day. The total traded volume was 1,194,312 . The stock had closed at $2.55 on the previous day.
The company Insiders own 0.13% of Eclipse Resources Corporation shares according to the proxy statements. Institutional Investors own 18.76% of Eclipse Resources Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -7.02%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP & CFO) of Eclipse Resources Corp, Denezza Matthew R had sold 15,396 shares worth of $16,936 in a transaction dated March 9, 2016. In this transaction, 15,396 shares were sold at $1.1 per share.
Eclipse Resources Corporation (Eclipse) 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. It has assembled an acreage position approximating 221,700 net acres in Eastern Ohio. Approximately 100,700 of its net acres are located in the Utica Shale fairway, which it refers to as the Utica Core Area, and approximately 27,250 of these net acres are also prospective for the area of the Marcellus Shale in Eastern Ohio within what it refers to as its Marcellus Project Area. The Company is the operator of approximately 85% of its net acreage within the Utica Core Area and its Marcellus Project Area. Eclipse has identified approximately 3,112 gross (810 net) remaining horizontal drilling locations across its acreage, which comprises 605 locations within the Utica Core Area and 205 locations within its Marcellus Project Area.