Teachers Advisors LLC Has $825,000 Position in Eclipse Resources Corporation (ECR)

Teachers Advisors LLC raised its holdings in shares of Eclipse Resources Corporation (NYSE:ECR) by 153.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 288,589 shares of the energy producer’s stock after acquiring an additional 174,798 shares during the quarter. Teachers Advisors LLC owned about 0.11% of Eclipse Resources Corporation worth $825,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. increased its stake in 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 last quarter. Geode Capital Management LLC boosted its position in Eclipse Resources Corporation by 2.2% during the first quarter. Geode Capital Management LLC now owns 645,200 shares of the energy producer’s stock valued at $1,638,000 after buying an additional 13,743 shares during the period. Schwab Charles Investment Management Inc. boosted its position in Eclipse Resources Corporation by 6.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 271,160 shares of the energy producer’s stock valued at $689,000 after buying an additional 17,100 shares during the period. Kayne Anderson Capital Advisors LP boosted its position in Eclipse Resources Corporation by 9.3% during the second quarter. Kayne Anderson Capital Advisors LP now owns 294,500 shares of the energy producer’s stock valued at $841,000 after buying an additional 25,000 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its position in Eclipse Resources Corporation by 99.3% during 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 during the period. 94.10% of the stock is currently owned by institutional investors and hedge funds.

Shares of Eclipse Resources Corporation (ECR) opened at $2.60 on Tuesday. Eclipse Resources Corporation has a 1 year low of $1.60 and a 1 year high of $3.32. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.85.

Eclipse Resources Corporation (NYSE:ECR) last issued its earnings results on Wednesday, November 8th. The energy producer reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.02. Eclipse Resources Corporation had a negative net margin of 11.46% and a negative return on equity of 3.00%. The company had revenue of $91.55 million for the quarter, compared to analysts’ expectations of $90.67 million. During the same quarter last year, the company posted ($0.10) earnings per share. The firm’s quarterly revenue was up 68.4% on a year-over-year basis. analysts forecast that Eclipse Resources Corporation will post -0.06 earnings per share for the current fiscal year.

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Several analysts have issued reports on ECR shares. Goldman Sachs Group, Inc. (The) lowered shares of Eclipse Resources Corporation from a “neutral” rating to a “sell” rating and cut their price target for the company from $2.25 to $1.50 in a research report on Friday, September 8th. Scotiabank set a $4.00 price target on shares of Eclipse Resources Corporation and gave the company a “hold” rating in a research report on Thursday, August 3rd. BMO Capital Markets set a $3.00 target price on shares of Eclipse Resources Corporation and gave the stock a “hold” rating in a report on Tuesday, October 10th. BidaskClub lowered shares of Eclipse Resources Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Finally, Stifel Nicolaus set a $5.00 target price on shares of Eclipse Resources Corporation and gave the stock a “buy” rating in a report on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $2.87.

Eclipse Resources Corporation 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.

Institutional Ownership by Quarter for Eclipse Resources Corporation (NYSE:ECR)

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