Eclipse Resources Corporation (ECR) has been under a strong bear grip, hence the stock is down -39.1% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.14% in the past 1 week. The stock has risen by 3.77% in the past week indicating that the buyers are active at lower levels, but the stock is down -34.99% in the past 4 weeks.
Eclipse Resources Corporation (NYSE:ECR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $2.68 and $2.64 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $2.84. The buying momentum continued till the end and the stock did not give up its gains. It closed at $2.75, notching a gain of 2.23% for the day. The total traded volume was 1,557,501 . The stock had closed at $2.69 on the previous day.
The stock has recorded a 20-day Moving Average of 10.41% and the 50-Day Moving Average is 12.59%. Eclipse Resources Corporation is up 36.14% in the last 3-month period. Year-to-Date the stock performance stands at 51.1%.
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.