Monashee Investment Management adds Eclipse Resources Corp (ECR) to its portfolio

Eclipse Resources Corp (ECR) : Monashee Investment Management added new position in Eclipse Resources Corp during the most recent quarter end. The investment management firm now holds 50,000 shares of Eclipse Resources Corp which is valued at $160,500 , the company said in a statement filed on Aug 2, 2016 with the SEC.Eclipse Resources Corp makes up approximately 0.25% of Monashee Investment Management’s portfolio.

Other Hedge Funds, Including , Wedbush Securities Inc sold out all of its stake in ECR during the most recent quarter. The investment firm sold 10,600 shares of ECR which is valued $34,026.California State Teachers Retirement System reduced its stake in ECR by selling 326 shares or 0.32% in the most recent quarter. The Hedge Fund company now holds 102,308 shares of ECR which is valued at $328,409.Sanders Morris Harris boosted its stake in ECR in the latest quarter, The investment management firm added 339,500 additional shares and now holds a total of 3,234,277 shares of Eclipse Resources Corp which is valued at $9,282,375. Eclipse Resources Corp makes up approx 2.34% of Sanders Morris Harris’s portfolio. Stoneridge Investment Partners sold out all of its stake in ECR during the most recent quarter. The investment firm sold 101,323 shares of ECR which is valued $290,797. Nisa Investment Advisors added ECR to its portfolio by purchasing 20,300 company shares during the most recent quarter which is valued at $53,592.

Eclipse Resources Corp opened for trading at $3.41 and hit $3.61 on the upside on Monday, eventually ending the session at $3.48, with a gain of 1.16% or 0.04 points. The heightened volatility saw the trading volume jump to 12,55,665 shares. Company has a market cap of $907 M.

On the company’s financial health, Eclipse Resources Corp reported $-0.33 EPS for the quarter, missing the analyst consensus estimate by $ -0.24 based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus of $-0.09. The company had revenue of $47.10 million for the quarter, compared to analysts expectations of $56.15 million. The company’s revenue was down -36.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.19 EPS.

Many Wall Street Analysts have commented on Eclipse Resources Corp. Eclipse Resources Corp was Upgraded by Johnson Rice to ” Accumulate” on Jun 10, 2016. Eclipse Resources Corp was Upgraded by Seaport Global Securities to ” Buy” on Jun 7, 2016. Company shares were Reiterated by Topeka Capital Markets on May 10, 2016 to “Hold”, Firm has raised the Price Target to $ 3 from a previous price target of $1.50 .

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 221700 net acres in Eastern Ohio. Approximately 100700 of its net acres are located in the Utica Shale fairway which it refers to as the Utica Core Area and approximately 27250 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 3112 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.

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