Eclipse Resources Corp (ECR) : Piper Jaffray added new position in Eclipse Resources Corp during the most recent quarter end. The investment management firm now holds 125,000 shares of Eclipse Resources Corp which is valued at $428,750 , the company said in a statement filed on Aug 15, 2016 with the SEC.Eclipse Resources Corp makes up approximately 11.76% of Piper Jaffray’s portfolio.
Other Hedge Funds, Including , Magnetar Financial added ECR to its portfolio by purchasing 5,060,000 company shares during the most recent quarter which is valued at $17,355,800. Eclipse Resources Corp makes up approx 0.43% of Magnetar Financial’s portfolio. Tfs Capital added ECR to its portfolio by purchasing 55,908 company shares during the most recent quarter which is valued at $191,764. Eclipse Resources Corp makes up approx 0.03% of Tfs Capital’s portfolio. Salient Capital Advisors sold out all of its stake in ECR during the most recent quarter. The investment firm sold 14,165 shares of ECR which is valued $48,728.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.
Eclipse Resources Corp closed down -0.18 points or -5.28% at $3.23 with 11,22,113 shares getting traded on Thursday. Post opening the session at $3.31, the shares hit an intraday low of $3.13 and an intraday high of $3.36 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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 Piper Jaffray to ” Neutral” on Aug 9, 2016. 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.
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.