The Boston Partners Buys 423,101 Shares of Eclipse Resources Corp (ECR)

The Boston Partners Buys 423,101 Shares of Eclipse Resources Corp (ECR)

Several other large investors have also made changes to their positions in the stock. EnCap Energy Capital Fund IX L.P. acquired a new stake in shares of Eclipse Resources Corp during the fourth quarter worth about $194,502,000. Encap Energy Capital Fund VIII L.P. acquired a new stake in shares of Eclipse Resources Corp during the fourth quarter worth about $159,366,000. EnCap Energy Capital Fund VIII Co Investors L.P. acquired a new stake in shares of Eclipse Resources Corp during the fourth quarter worth about $107,922,000. Sanders Morris Harris Inc. boosted its stake in shares of Eclipse Resources Corp by 2.7% in the first quarter. Sanders Morris Harris Inc. now owns 5,170,705 shares of the energy producer’s stock worth $13,133,000 after buying an additional 135,885 shares during the period. Finally, Rubric Capital Management LP acquired a new stake in shares of Eclipse Resources Corp during the first quarter worth about $4,318,000. 29.95% of the stock is owned by institutional investors.

Boston Partners raised its position in shares of Eclipse Resources Corp (NYSE:ECR) by 18.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,665,040 shares of the energy producer’s stock after buying an additional 423,101 shares during the period. Boston Partners owned approximately 1.02% of Eclipse Resources Corp worth $6,769,000 as of its most recent filing with the SEC.

Eclipse Resources Corp (ECR) opened at 2.11 on Monday. The company’s market capitalization is $554.05 million. Eclipse Resources Corp has a one year low of $1.60 and a one year high of $4.42. The firm has a 50-day moving average of $2.20 and a 200 day moving average of $2.48.

Several equities research analysts have weighed in on ECR shares. Stifel Nicolaus started coverage on shares of Eclipse Resources Corp in a research report on Thursday, March 23rd. They set a “buy” rating and a $4.00 price target for the company. BMO Capital Markets reissued a “hold” rating and set a $3.00 price target on shares of Eclipse Resources Corp in a research report on Friday, May 5th. Scotiabank reissued a “hold” rating and set a $3.50 price target on shares of Eclipse Resources Corp in a research report on Monday, March 27th. Barclays PLC reissued an “equal weight” rating and set a $2.50 price target (down previously from $3.00) on shares of Eclipse Resources Corp in a research report on Saturday, April 22nd. Finally, Zacks Investment Research cut shares of Eclipse Resources Corp from a “buy” rating to a “hold” rating in a research report on Tuesday, February 28th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $3.60.

In related news, CFO Matthew R. Denezza sold 63,770 shares of the firm’s stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $2.24, for a total transaction of $142,844.80. Following the completion of the transaction, the chief financial officer now directly owns 659,786 shares in the company, valued at approximately $1,477,920.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Benjamin Ward Hulburt sold 75,000 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $2.50, for a total value of $187,500.00. Following the transaction, the insider now owns 1,321,958 shares of the company’s stock, valued at $3,304,895. The disclosure for this sale can be found here. Insiders have sold a total of 168,770 shares of company stock valued at $399,345 over the last 90 days. 0.13% of the stock is currently owned by company insiders. About Eclipse Resources Corp

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “ECR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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