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Principale » Eclipse Resources Corp (NYSE:ECR) Stock Price Up as Sentiment Crashes

Eclipse Resources Corp (NYSE:ECR) Stock Price Up as Sentiment Crashes

14 Juin 2017

Where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock's price movement.

Several other large investors also recently modified their holdings of the stock. Out of 16 Wall Street analysts rating Eclipse Resources, 9 give it "Buy", 0 "Sell" rating, while 7 recommend "Hold". Finally, Stifel Nicolaus began coverage on Eclipse Resources Corporation in a report on Thursday, March 23rd. They set a "buy" rating and a $4.00 target price on the stock. Scotiabank set a $4.00 target price on shares of Eclipse Resources Corporation and gave the stock a "hold" rating in a report on Saturday, May 6th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Year to date Eclipse Resources Corporation (NYSE:ECR) is -15.36%, -5.44% over the last quarter, and -29.60% for the past six months. Eclipse Resources Corporation (NYSE:ECR) earnings have declined with a quarterly rate of 0% over the last 5 years. The firm's market capitalization is $561.93 million. Recently, the stock has been noticed trading 2.16% away from the 20-day moving average. The ratio worsened, as 52 investment managers increased and opened new stock positions, while 45 cut down and sold their positions in Eclipse Resources Corp. For example, if there is good news like a positive earnings announcement, the demand for a stock may increase, raising the price from the previous day's close. If you are reading this news story on another website, it was stolen and republished in violation of USA and worldwide trademark and copyright legislation. The legal version of this report can be viewed at The stock was sold at an average price of $2.50, for a total value of $187,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

In related news, CFO Matthew R. Denezza sold 63,770 shares of the business's stock in a transaction on Tuesday, March 14th. Following the completion of the sale, the chief financial officer now directly owns 573,683 shares in the company, valued at $1,319,470.90. The disclosure for this sale can be found here.

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A number of hedge funds have recently bought and sold shares of the stock. EnCap Energy Capital Fund IX L.P. acquired a new stake in Eclipse Resources Corp during the fourth quarter valued at about $194,502,000. Inc. raised its stake in Eclipse Resources Corp by 1,361.5% in the third quarter. AQR Capital Management LLC raised its stake in Eclipse Resources Corporation by 18.5% in the fourth quarter. AQR Capital Management LLC now owns 488,767 shares of the energy producer's stock valued at $1,305,000 after buying an additional 76,366 shares during the period. EnCap Energy Capital Fund VIII Co Investors L.P. acquired a new stake in Eclipse Resources Corp during the fourth quarter valued at about $107,922,000.

Institutional investors now hold around $550 million or 77% in ECR stock.

Eclipse Resources Corporation is an independent exploration and production company. The Firm is engaged in the acquisition and development of oil and natural gas properties in the Appalachian Basin. The Firm is the operator of the Utica Core Area and its Marcellus Project Area.