Eclipse Resources Corporation (ECR) has risen sharply, recording gains of 29.43% in the past 4 weeks. However, the stock has corrected -0.29% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 28.11% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 14.01% and the 50-Day Moving Average is 4.12%. Eclipse Resources Corporation (NYSE:ECR): stock turned positive on Friday. Though the stock opened at $3.47, the bulls momentum made the stock top out at $3.51 level for the day. The stock recorded a low of $3.36 and closed the trading day at $3.43, in the green by 0.29%. The total traded volume for the day was 1,014,359. The stock had closed at $3.42 in the previous days trading.
The company Insiders own 0.13% of Eclipse Resources Corporation shares according to the proxy statements. Institutional Investors own 18.91% of Eclipse Resources Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -7.02%. Also, Equity Analysts at the PiperJaffray upgrades the rating on Eclipse Resources Corporation (NYSE:ECR). The brokerage firm has issued a Neutral rating on the shares. The shares were previously rated Underweight. The rating by the firm was issued on August 9, 2016.
Eclipse Resources Corporation (Eclipse) 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. It has assembled an acreage position approximating 221,700 net acres in Eastern Ohio. Approximately 100,700 of its net acres are located in the Utica Shale fairway, which it refers to as the Utica Core Area, and approximately 27,250 of these net acres are also prospective for the area of the Marcellus Shale in Eastern Ohio within what it refers to as its Marcellus Project Area. The Company is the operator of approximately 85% of its net acreage within the Utica Core Area and its Marcellus Project Area. Eclipse has identified approximately 3,112 gross (810 net) remaining horizontal drilling locations across its acreage, which comprises 605 locations within the Utica Core Area and 205 locations within its Marcellus Project Area.