Parametric Portfolio Associates LLC Sells 119,893 Shares of Eclipse Resources Corporation (ECR)
Parametric Portfolio Associates LLC lessened its holdings in Eclipse Resources Corporation (NYSE:ECR) by 36.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 210,195 shares of the energy producer’s stock after selling 119,893 shares during the quarter. Parametric Portfolio Associates LLC owned 0.08% of Eclipse Resources Corporation worth $601,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in shares of Eclipse Resources Corporation by 0.7% in the second quarter. JPMorgan Chase & Co. now owns 762,388 shares of the energy producer’s stock valued at $2,180,000 after acquiring an additional 5,338 shares during the period. New York State Common Retirement Fund raised its stake in Eclipse Resources Corporation by 27.5% in the second quarter. New York State Common Retirement Fund now owns 56,100 shares of the energy producer’s stock valued at $160,000 after purchasing an additional 12,099 shares in the last quarter. Geode Capital Management LLC raised its stake in Eclipse Resources Corporation by 2.2% in the first quarter. Geode Capital Management LLC now owns 645,200 shares of the energy producer’s stock valued at $1,638,000 after purchasing an additional 13,743 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Eclipse Resources Corporation by 6.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 271,160 shares of the energy producer’s stock valued at $689,000 after purchasing an additional 17,100 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP raised its stake in Eclipse Resources Corporation by 9.3% in the second quarter. Kayne Anderson Capital Advisors LP now owns 294,500 shares of the energy producer’s stock valued at $841,000 after purchasing an additional 25,000 shares in the last quarter. 94.34% of the stock is owned by institutional investors.
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A number of research firms recently commented on ECR. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $3.50 price target on shares of Eclipse Resources Corporation in a research note on Friday, September 15th. BMO Capital Markets set a $3.00 price target on Eclipse Resources Corporation and gave the company a “hold” rating in a research note on Tuesday, October 10th. BidaskClub raised Eclipse Resources Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Goldman Sachs Group, Inc. (The) downgraded Eclipse Resources Corporation from a “neutral” rating to a “sell” rating and dropped their price target for the company from $2.25 to $1.50 in a research note on Friday, September 8th. Finally, Barclays PLC boosted their price target on Eclipse Resources Corporation from $2.50 to $3.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $2.87.
Eclipse Resources Corporation (NYSE:ECR) opened at $2.61 on Thursday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.85. Eclipse Resources Corporation has a 52 week low of $1.60 and a 52 week high of $3.32.
Eclipse Resources Corporation (NYSE:ECR) last issued its earnings results on Wednesday, November 8th. The energy producer reported ($0.02) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.02. The firm had revenue of $91.55 million during the quarter, compared to the consensus estimate of $90.67 million. Eclipse Resources Corporation had a negative return on equity of 3.00% and a negative net margin of 11.46%. The business’s quarterly revenue was up 68.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.10) earnings per share. equities analysts predict that Eclipse Resources Corporation will post -0.07 earnings per share for the current fiscal year.
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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