Eclipse Resources Corp. (NYSE: ECR) regained compliance with the New York Stock Exchange's (NYSE) continued listing standard relating to the price of its common stock, the company said April 15.
The NYSE requires that the average closing price of a listed company's common stock be no less than $1 per share over a consecutive 30 trading-day period and the stock price close above $1 per share on the last trading day on the month to provide an accelerated cure of non-compliance.
On April 1, Eclipse achieved the conditions and resumed compliance with all NYSE continued listing requirements.
Eclipse Resources Corp. is based in State College, Pa.
Recommended Reading
Magnolia Oil & Gas Hikes Quarterly Cash Dividend by 13%
2024-02-05 - Magnolia’s dividend will rise 13% to $0.13 per share, the company said.
HighPeak Energy Authorizes First Share Buyback Since Founding
2024-02-06 - Along with a $75 million share repurchase program, Midland Basin operator HighPeak Energy’s board also increased its quarterly dividend.
Northern Oil and Gas Ups Dividend 18%, Updates Hedging
2024-02-09 - Northern Oil and Gas, which recently closed acquisitions in the Utica Shale and Delaware Basin, announced a $0.40 per share dividend.
Marathon Petroleum Sets 2024 Capex at $1.25 Billion
2024-01-30 - Marathon Petroleum Corp. eyes standalone capex at $1.25 billion in 2024, down 10% compared to $1.4 billion in 2023 as it focuses on cost reduction and margin enhancement projects.
TPG Adds Lebovitz as Head of Infrastructure for Climate Investing Platform
2024-02-07 - TPG Rise Climate was launched in 2021 to make investments across asset classes in climate solutions globally.