Eclipse Resources Corporation (ECR)’s Trend Down, Especially After Today’s 52-Week Low Hit

April 16, 2018 - By Winifred Garcia

Eclipse Resources Corporation (NYSE:ECR) Logo

Investors sentiment decreased to 0.95 in Q4 2017. Its down 0.25, from 1.2 in 2017Q3. It worsened, as 10 investors sold Eclipse Resources Corporation shares while 29 reduced holdings. 16 funds opened positions while 21 raised stakes. 58.75 million shares or 2.92% less from 60.52 million shares in 2017Q3 were reported.
Moreover, Hbk Invs Ltd Partnership has 0% invested in Eclipse Resources Corporation (NYSE:ECR). Vanguard Grp Inc has invested 0% of its portfolio in Eclipse Resources Corporation (NYSE:ECR). Raymond James Finance Serv Advsr invested in 0% or 10,300 shares. Ameriprise Fincl invested in 1.32M shares or 0% of the stock. British Columbia – Canada-based Connor Clark Lunn Invest Mgmt Ltd has invested 0% in Eclipse Resources Corporation (NYSE:ECR). State Board Of Administration Of Florida Retirement Sys has 0% invested in Eclipse Resources Corporation (NYSE:ECR). Tower Capital Lc (Trc) owns 3,412 shares. Wells Fargo And Com Mn holds 39,646 shares. Deutsche Natl Bank Ag reported 212,197 shares. Meeder Asset Incorporated reported 0% stake. Kayne Anderson Capital L P invested in 294,500 shares or 0.01% of the stock. Royal Bancorporation Of Canada reported 0% in Eclipse Resources Corporation (NYSE:ECR). Point72 Asia (Hong Kong) has invested 0.01% in Eclipse Resources Corporation (NYSE:ECR). 13,300 are owned by Macquarie Gp Ltd. Parametric Ltd Co reported 63,631 shares.

The stock of Eclipse Resources Corporation (NYSE:ECR) hit a new 52-week low and has $1.18 target or 8.00 % below today’s $1.28 share price. The 9 months bearish chart indicates high risk for the $386.27 million company. The 1-year low was reported on Apr, 16 by If the $1.18 price target is reached, the company will be worth $30.90 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 1.54% or $0.02 during the last trading session, reaching $1.28. About 438,471 shares traded. Eclipse Resources Corporation (NYSE:ECR) has declined 42.67% since April 16, 2017 and is downtrending. It has underperformed by 54.22% the S&P500.

Analysts await Eclipse Resources Corporation (NYSE:ECR) to report earnings on May, 3. They expect $-0.01 earnings per share, down 200.00 % or $0.02 from last year’s $0.01 per share. After $0.01 actual earnings per share reported by Eclipse Resources Corporation for the previous quarter, Wall Street now forecasts -200.00 % negative EPS growth.

Eclipse Resources Corporation (NYSE:ECR) Ratings Coverage

Among 4 analysts covering Eclipse Resources (NYSE:ECR), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Eclipse Resources had 6 analyst reports since October 19, 2017 according to SRatingsIntel. Seaport Global upgraded Eclipse Resources Corporation (NYSE:ECR) on Tuesday, December 19 to “Buy” rating. Johnson Rice upgraded the shares of ECR in report on Monday, December 11 to “Buy” rating. The stock of Eclipse Resources Corporation (NYSE:ECR) earned “Buy” rating by KeyBanc Capital Markets on Monday, November 20. The company was maintained on Thursday, October 19 by KeyBanc Capital Markets. The stock has “Hold” rating by BMO Capital Markets on Wednesday, April 11. KeyBanc Capital Markets maintained the stock with “Buy” rating in Wednesday, February 28 report.

Eclipse Resources Corporation, an independent exploration and production company, acquires and develops oil and natural gas properties in the Appalachian Basin. The company has market cap of $386.27 million. The firm owns interests in the Utica Shale and Marcellus Shale areas. It has a 42.67 P/E ratio. As of December 31, 2016, it had an acreage position approximating 199,000 net acres in Eastern Ohio.

Eclipse Resources Corporation (NYSE:ECR) Institutional Positions Chart

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