JPMorgan Chase & Co. reduced its position in shares of Eclipse Resources Corp (NYSE:ECR) by 6.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 716,700 shares of the energy producer’s stock after selling 45,688 shares during the quarter. JPMorgan Chase & Co. owned 0.27% of Eclipse Resources worth $1,806,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of ECR. Dimensional Fund Advisors LP increased its position in Eclipse Resources by 51.2% during the second quarter. Dimensional Fund Advisors LP now owns 3,037,907 shares of the energy producer’s stock worth $8,690,000 after acquiring an additional 1,028,904 shares during the period. State Street Corp grew its stake in Eclipse Resources by 46.6% during the second quarter. State Street Corp now owns 1,253,137 shares of the energy producer’s stock worth $3,583,000 after buying an additional 398,046 shares in the last quarter. Northern Trust Corp grew its stake in Eclipse Resources by 31.8% during the second quarter. Northern Trust Corp now owns 1,068,926 shares of the energy producer’s stock worth $3,058,000 after buying an additional 258,185 shares in the last quarter. Vanguard Group Inc. grew its stake in Eclipse Resources by 7.1% during the second quarter. Vanguard Group Inc. now owns 5,318,834 shares of the energy producer’s stock worth $15,212,000 after buying an additional 354,229 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in Eclipse Resources by 28.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 349,360 shares of the energy producer’s stock worth $1,000,000 after buying an additional 78,200 shares in the last quarter. 92.50% of the stock is currently owned by institutional investors.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Eclipse Resources from a “hold” rating to a “buy” rating and set a $3.00 price target on the stock in a research note on Tuesday, October 3rd. Scotiabank reiterated a “hold” rating and set a $3.00 target price on shares of Eclipse Resources in a research report on Friday, November 10th. Capital One Financial reiterated an “equal weight” rating on shares of Eclipse Resources in a research report on Thursday, November 9th. Stifel Nicolaus set a $5.00 price target on shares of Eclipse Resources and gave the stock a “buy” rating in a report on Thursday, October 5th. Finally, Barclays set a $2.50 price target on shares of Eclipse Resources and gave the stock a “hold” rating in a report on Wednesday, October 11th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. Eclipse Resources has a consensus rating of “Hold” and an average target price of $2.96.
Eclipse Resources (NYSE:ECR) last announced its quarterly earnings data on Wednesday, November 8th. The energy producer reported ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.02. Eclipse Resources had a negative return on equity of 3.00% and a negative net margin of 11.46%. The business had revenue of $91.55 million for the quarter, compared to analysts’ expectations of $90.67 million. During the same period in the previous year, the business posted ($0.10) EPS. The firm’s quarterly revenue was up 68.4% compared to the same quarter last year. analysts predict that Eclipse Resources Corp will post -0.07 earnings per share for the current fiscal year.
Eclipse Resources Profile
Eclipse Resources Corporation 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. The Company is the operator of the Utica Core Area and its Marcellus Project Area. The Ordovician-aged Utica Shale is an unconventional reservoir consisting of organic-rich black shale, with production occurring at vertical depths between 6,000 and 10,000 feet.
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