Finance & Investing | General News | Capital Markets
Eclipse Resources Out of NYSE Compliance; Plans Reverse Stock Split
Eclipse Resources received notice on January 11, 2019 that it had fallen below the NYSE's continued listing standard related to the closing price of its common stock.
The NYSE requires that the average closing price of a listed company's common stock be no less than $1.00 per share over a consecutive 30 trading-day period.
As has been previously announced, in connection with the acquisition of Blue Ridge Mountain Resources, Inc., the Company will effect a 15-to-1 reverse stock split immediately prior to the closing of the transaction. The Company anticipates that the reverse stock split will return the Company to compliance with the NYSE's share price requirements.
The acquisition of Blue Ridge is expected to close during the first quarter of 2019.
Related Categories :
Finance & Investing
More Finance & Investing News
-
Baytex Energy Corp. First Quarter 2023 Results
-
Silverbow Resources Board Adopts 'Poison Pill' Strategy
-
Bonterra Energy Second Quarter 2022 Results
-
Range Resources Second Quarter 2022 Results
-
Liberty Energy Inc. Second Quarter 2022 Results
Northeast News >>>
-
Oilfield Services Talk What To Expect In Remainder of 2024 -
-
CNX Resources Cut Frac Activity 50%, Talks 1st Quarter Activity -
-
Large E&P To Defer Completion Activity, Build DUCs
-
Operator Reports 1Q'24 Results; Chop Frac Plans Again -
-
Range Resources Talks 1Q Results; 2024 Wells Plan Unchanged
Northeast - Appalachia News >>>
-
Large Marcellus E&P Talk 2024 Development Plan, Rigs, Wells & Frac Crews
-
Devon Said To be In Talks to Acquire Enerplus
-
CNX Resources Talks 2024 Rigs, Frac Crews & Well Count -
-
An Early Look at Company 2024 Capital & Development Plans
-
A Look at Capital Spending By Company In First Half 2023; Budget Exhausion?