Significant Insider buy of Eclipse Resources (ECR) Shares Breaks neutral Trend of Last Quarter

Monday, January 22, 2018 10:15 PM ET

Significant Insider buy of Eclipse Resources (ECR) Shares Breaks neutral Trend of Last Quarter

An insider — Encap Energy Capital Fund Viii Lp, 10% Owner — bought 37,823,596 shares of Eclipse Resources having a market value of approximately $92,225,274 today, as disclosed in a form 4 document filed with the SEC. This is the first insider buy/sell trade in the past 90 days.

The number of buy-sell trades for Eclipse Resources is close to that of the 195 member peer company average. The Oil & Gas Exploration and Production peer group saw 179 buy/sell trades during this period for an average of 0.9 transactions per company. However, the number of shares per buy/sell trade transacted by Eclipse Resources insiders is higher. Within the peer group there were 5,144,900 shares purchased and 6,974,404 shares sold with company insiders disposing of 10,221 shares on average.

In order to focus on significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated data sourced to evaluate and write this story.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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