Penn Capital Management Co. Inc. Trims Position in Eclipse Resources Corp (ECR)

Penn Capital Management Co. Inc. reduced its position in Eclipse Resources Corp (NYSE:ECR) by 14.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 860,789 shares of the energy producer’s stock after selling 146,606 shares during the period. Penn Capital Management Co. Inc. owned approximately 0.28% of Eclipse Resources worth $904,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ECR. Kayne Anderson Capital Advisors LP purchased a new position in Eclipse Resources in the 4th quarter valued at about $2,926,000. Prescott Group Capital Management L.L.C. acquired a new stake in shares of Eclipse Resources in the 4th quarter valued at about $777,000. GSA Capital Partners LLP raised its stake in shares of Eclipse Resources by 1,599.1% in the 3rd quarter. GSA Capital Partners LLP now owns 683,228 shares of the energy producer’s stock valued at $813,000 after purchasing an additional 643,016 shares in the last quarter. Millennium Management LLC raised its stake in shares of Eclipse Resources by 1,983.1% in the 4th quarter. Millennium Management LLC now owns 517,580 shares of the energy producer’s stock valued at $543,000 after purchasing an additional 492,733 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. raised its stake in shares of Eclipse Resources by 78.6% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 467,794 shares of the energy producer’s stock valued at $491,000 after purchasing an additional 205,874 shares in the last quarter. 79.31% of the stock is owned by institutional investors.

Separately, Zacks Investment Research upgraded shares of Eclipse Resources from a “hold” rating to a “strong-buy” rating and set a $1.00 target price on the stock in a research note on Tuesday, December 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $1.68.

Shares of Eclipse Resources stock traded down $0.30 during trading on Friday, reaching $13.28. The company had a trading volume of 78,529 shares, compared to its average volume of 642,264. The firm has a market cap of $4.02 billion, a PE ratio of 18.83 and a beta of 2.05. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.78 and a current ratio of 0.78. Eclipse Resources Corp has a fifty-two week low of $0.74 and a fifty-two week high of $1.96.

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Eclipse Resources Company Profile

Eclipse Resources Corporation, an independent exploration and production company, acquires and develops oil and natural gas properties in the Appalachian Basin. The company holds interests in the Utica Shale and Marcellus Shale areas. As of December 31, 2017, it had an acreage position approximately covering an area of 203,000 net acres in Eastern Ohio.

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

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