Eclipse Resources Corp (ECR) was Initiated by KLR Group to “Buy”. KLR Group advised their investors in a research report released on Nov 21, 2016.
Many Wall Street Analysts have commented on Eclipse Resources Corp. Eclipse Resources Corp was Initiated by KLR Group to “Buy” on Nov 21, 2016.
On the company’s financial health, Eclipse Resources Corp reported $-0.10 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Nov 3, 2016. Analyst had a consensus of $-0.06. The company had revenue of $54.35 million for the quarter, compared to analysts expectations of $55.31 million. The company’s revenue was down -12.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.37 EPS.
Eclipse Resources Corp opened for trading at $2.69 and hit $2.9799 on the upside on Monday, eventually ending the session at $2.93, with a gain of 9.74% or 0.26 points. The heightened volatility saw the trading volume jump to 13,81,101 shares. Company has a market cap of $764 M.
In a different news, on Aug 19, 2016, Benjamin Ward Hulburt (President and CEO) sold 58,979 shares at $3.59 per share price. According to the SEC, on Mar 11, 2016, Matthew R Denezza (EVP & CFO) sold 15,396 shares at $1.10 per share price.
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.