Eclipse Resources Corp (NYSE:ECR) was upgraded by analysts at Seaport Global Securities from a “neutral” rating to a “buy” rating in a report released on Tuesday, The Fly reports.
A number of institutional investors recently added to or reduced their stakes in the stock. Sanders Morris Harris Inc. bought a new position in Eclipse Resources Corp during the first quarter valued at about $4,168,000. Ameriprise Financial Inc. boosted its stake in shares of Eclipse Resources Corp by 114.7% in the fourth quarter. Ameriprise Financial Inc. now owns 2,089,905 shares of the company’s stock worth $3,803,000 after buying an additional 1,116,722 shares during the period. JPMorgan Chase & Co. increased its position in Eclipse Resources Corp by 15,620.4% in the first quarter. JPMorgan Chase & Co. now owns 1,355,100 shares of the company’s stock worth $1,951,000 after buying an additional 1,346,480 shares in the last quarter. Columbia Pacific Advisors LLC increased its position in Eclipse Resources Corp by 195.9% in the fourth quarter. Columbia Pacific Advisors LLC now owns 728,955 shares of the company’s stock worth $1,327,000 after buying an additional 482,628 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new position in Eclipse Resources Corp during the first quarter worth about $202,000.
BREAKOUT CONFIRMED breakout above 2.86, no resistance in area just above.
Type: True breakout from triple+ resistance.
Target: 3.89, 28.8% Stop: 2.63 Loss: 12.9% P/L ratio: 2.2 : 1 - Good
Normal indicators could be bearish during breakouts.