BidaskClub downgraded shares of Eclipse Resources Corporation (NYSE:ECR) from a hold rating to a sell rating in a report issued on Tuesday morning.

Other analysts also recently issued reports about the stock. Stifel Nicolaus reiterated a buy rating and issued a $5.00 price objective (up from $4.00) on shares of Eclipse Resources Corporation in a research report on Monday, June 19th. 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. 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. Barclays PLC reissued an equal weight rating and set a $2.50 target price (down previously from $3.00) on shares of Eclipse Resources Corporation in a research note on Saturday, April 22nd. Finally, BMO Capital Markets reissued a hold rating and set a $3.00 target price on shares of Eclipse Resources Corporation in a research note on Monday, May 15th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $3.60.

Shares of Eclipse Resources Corporation (ECR) traded up 1.79% on Tuesday, hitting $2.84. 839,725 shares of the stock were exchanged. The firm’s 50 day moving average price is $2.68 and its 200 day moving average price is $2.42. Eclipse Resources Corporation has a one year low of $1.60 and a one year high of $3.81. The firm’s market cap is $745.74 million.

ILLEGAL ACTIVITY WARNING: “Eclipse Resources Corporation (ECR) Cut to Sell at BidaskClub” was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another site, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The legal version of this article can be read at https://www.watchlistnews.com/eclipse-resources-corporation-ecr-cut-to-sell-at-bidaskclub/1461474.html.

In other news, insider Benjamin Ward Hulburt sold 75,000 shares of Eclipse Resources Corporation stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $2.50, for a total value of $187,500.00. Following the transaction, the insider now owns 1,321,958 shares of the company’s stock, valued at approximately $3,304,895. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Matthew R. Denezza sold 30,000 shares of Eclipse Resources Corporation stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $2.30, for a total transaction of $69,000.00. Following the completion of the transaction, the chief financial officer now directly owns 573,683 shares in the company, valued at approximately $1,319,470.90. The disclosure for this sale can be found here. Insiders sold a total of 125,000 shares of company stock worth $302,500 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Several institutional investors have recently made changes to their positions in ECR. Engineers Gate Manager LP acquired a new position in shares of Eclipse Resources Corporation during the first quarter valued at about $136,000. UBS Asset Management Americas Inc. boosted its position in shares of Eclipse Resources Corporation by 99.3% in the first quarter. UBS Asset Management Americas Inc. now owns 57,000 shares of the energy producer’s stock valued at $145,000 after buying an additional 28,400 shares in the last quarter. TFS Capital LLC boosted its position in shares of Eclipse Resources Corporation by 265.2% in the first quarter. TFS Capital LLC now owns 93,357 shares of the energy producer’s stock valued at $237,000 after buying an additional 67,792 shares in the last quarter. Alambic Investment Management L.P. acquired a new position in shares of Eclipse Resources Corporation during the first quarter valued at about $292,000. Finally, Goldman Sachs Group Inc. boosted its position in shares of Eclipse Resources Corporation by 24.9% in the first quarter. Goldman Sachs Group Inc. now owns 147,715 shares of the energy producer’s stock valued at $375,000 after buying an additional 29,454 shares in the last quarter. 92.54% of the stock is currently owned by institutional investors.

Eclipse Resources Corporation Company 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.

Analyst Recommendations for Eclipse Resources Corporation (NYSE:ECR)

Receive News & Ratings for Eclipse Resources Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eclipse Resources Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.