GSA Capital Partners LLP Buys 24,754 Shares of Eclipse Resources Corp (ECR)
GSA Capital Partners LLP lifted its stake in Eclipse Resources Corp (NYSE:ECR) by 120.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,304 shares of the energy producer’s stock after buying an additional 24,754 shares during the quarter. GSA Capital Partners LLP’s holdings in Eclipse Resources were worth $113,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Macquarie Group Ltd. bought a new position in shares of Eclipse Resources in the third quarter worth about $101,000. Voya Investment Management LLC grew its position in shares of Eclipse Resources by 83.3% during the second quarter. Voya Investment Management LLC now owns 38,699 shares of the energy producer’s stock worth $111,000 after purchasing an additional 17,591 shares in the last quarter. New York State Common Retirement Fund grew its position in shares of Eclipse Resources by 27.5% during the second quarter. New York State Common Retirement Fund now owns 56,100 shares of the energy producer’s stock worth $160,000 after purchasing an additional 12,099 shares in the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Eclipse Resources during the third quarter worth about $179,000. Finally, Virtu KCG Holdings LLC grew its position in shares of Eclipse Resources by 474.2% during the second quarter. Virtu KCG Holdings LLC now owns 64,394 shares of the energy producer’s stock worth $184,000 after purchasing an additional 53,179 shares in the last quarter. 92.50% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms recently issued reports on ECR. Seaport Global Securities upgraded Eclipse Resources from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 19th. Scotiabank set a $4.00 target price on Eclipse Resources and gave the stock a “hold” rating in a research report on Tuesday, December 12th. Johnson Rice upgraded Eclipse Resources from an “accumulate” rating to a “buy” rating in a research report on Monday, December 11th. Capital One Financial reiterated an “equal weight” rating on shares of Eclipse Resources in a research report on Thursday, November 9th. Finally, KeyCorp set a $3.00 target price on Eclipse Resources and gave the stock a “buy” rating in a research report on Thursday, October 19th. Two analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $2.96.
Eclipse Resources Corp (NYSE:ECR) opened at $2.55 on Monday. The firm has a market capitalization of $669.99, a P/E ratio of -17.00 and a beta of 3.06. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.62 and a current ratio of 0.62. Eclipse Resources Corp has a 1-year low of $1.60 and a 1-year high of $3.10.
Eclipse Resources (NYSE:ECR) last released its quarterly earnings results on Wednesday, November 8th. The energy producer reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.02. The business had revenue of $91.55 million during the quarter, compared to analysts’ expectations of $90.67 million. Eclipse Resources had a negative return on equity of 3.00% and a negative net margin of 11.46%. The firm’s revenue for the quarter was up 68.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.10) EPS. equities research analysts expect that Eclipse Resources Corp will post -0.07 earnings per share for the current fiscal year.
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About Eclipse Resources
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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