Eclipse Resources Corporation (NYSE:ECR) COO Oleg E. Tolmachev sold 20,000 shares of Eclipse Resources Corporation stock in a transaction on Monday, June 12th. The shares were sold at an average price of $2.30, for a total transaction of $46,000.00. Following the transaction, the chief operating officer now owns 443,920 shares in the company, valued at approximately $1,021,016. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of Eclipse Resources Corporation (NYSE ECR) traded up 4.13% during mid-day trading on Friday, reaching $2.52. 1,365,271 shares of the company’s stock traded hands. Eclipse Resources Corporation has a 12-month low of $1.60 and a 12-month high of $4.42. The company’s market cap is $661.71 million. The company’s 50 day moving average is $2.25 and its 200 day moving average is $2.45.

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A number of research firms recently weighed in on ECR. Scotiabank set a $4.00 target price on shares of Eclipse Resources Corporation and gave the company a “hold” rating in a research note on Saturday, May 6th. Royal Bank of Canada set a $4.00 target price on shares of Eclipse Resources Corporation and gave the company a “buy” rating in a research note on Saturday, June 3rd. BMO Capital Markets restated a “hold” rating and set a $3.00 target price on shares of Eclipse Resources Corporation in a research note on Friday, May 5th. KLR Group set a $4.00 target price on shares of Eclipse Resources Corporation and gave the company a “buy” rating in a research note on Wednesday, June 7th. Finally, Stifel Nicolaus initiated coverage on shares of Eclipse Resources Corporation in a research note on Thursday, March 23rd. They issued a “buy” rating and a $4.00 price target on the stock. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Eclipse Resources Corporation currently has a consensus rating of “Buy” and a consensus price target of $3.62.

Institutional investors have recently bought and sold shares of the company. EnCap Energy Capital Fund IX L.P. acquired a new position in Eclipse Resources Corporation during the fourth quarter valued at $194,502,000. Encap Energy Capital Fund VIII L.P. acquired a new position in Eclipse Resources Corporation during the fourth quarter valued at $159,366,000. EnCap Energy Capital Fund VIII Co Investors L.P. acquired a new position in Eclipse Resources Corporation during the fourth quarter valued at $107,922,000. Sanders Morris Harris Inc. increased its position in Eclipse Resources Corporation by 2.7% in the first quarter. Sanders Morris Harris Inc. now owns 5,170,705 shares of the energy producer’s stock valued at $13,133,000 after buying an additional 135,885 shares in the last quarter. Finally, Boston Partners increased its position in Eclipse Resources Corporation by 18.9% in the first quarter. Boston Partners now owns 2,665,040 shares of the energy producer’s stock valued at $6,769,000 after buying an additional 423,101 shares in the last quarter. 92.56% of the stock is currently owned by hedge funds and other institutional investors.

About Eclipse Resources Corporation

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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