ECA Marcellus Trust I (NYSE:ECT) is expected to pay $0.07 on Nov 30, 2016. The indicated annual dividend is $0.28. Shareholders owning the stock before Nov 16, 2016 will be eligible to receive the payout. Based on ECA Marcellus Trust I’s current price of $2.15, the dividend is 3.30%. This dividend’s record date is Nov 18, 2016 and the announcement date is Nov 4, 2016. The stock closed at $2.15 during the last session. It is down 33.54% since April 13, 2016 and is uptrending. It has outperformed by 29.61% the S&P500.
ECA Marcellus Trust I is a statutory trust. The company has a market cap of $37.85 million. The Trust is formed by Energy Corporation of America (ECA) to own royalty interests in natural gas properties owned and operated by ECA in the Marcellus Shale formation in Greene County, Pennsylvania. It has a 11.3 P/E ratio. The Trust does not conduct any activities or activities.
Insitutional Activity: The institutional sentiment decreased to 0.25 in 2016 Q2. Its down 0.22, from 0.47 in 2016Q1. The ratio turned negative, as 6 funds sold all Eca Marcellus Trust I shares owned while 6 reduced positions. 2 funds bought stakes while 1 increased positions. They now own 392,031 shares or 55.80% less from 887,043 shares in 2016Q1.
Wells Fargo & Communications Mn owns 1,512 shares or 0% of their US portfolio. Ladenburg Thalmann Finance owns 200 shares or 0% of their US portfolio. Geneva Advsr Limited Liability holds 0% of its portfolio in Eca Marcellus Trust I (NYSE:ECT) for 30,000 shares. Utd Comml Bank Inc last reported 67,725 shares in the company. Raymond James & Associate accumulated 12,100 shares or 0% of the stock. American Rech And Management Communication last reported 1,500 shares in the company. Kcg accumulated 0% or 25,033 shares. Susquehanna Llp, a Pennsylvania-based fund reported 16,706 shares. Css Ltd Liability Company Il holds 0% of its portfolio in Eca Marcellus Trust I (NYSE:ECT) for 24,649 shares. Creative Planning holds 0% or 300 shares in its portfolio. Comml Bank Of America Corporation De has invested 0% of its portfolio in Eca Marcellus Trust I (NYSE:ECT). Morgan Stanley has 0% invested in the company for 25,153 shares. The Texas-based Sunbelt Secs Inc has invested 0% in Eca Marcellus Trust I (NYSE:ECT). Amg Natl Tru Comml Bank has 39,220 shares for 0.01% of their US portfolio. California Employees Retirement has 49,300 shares for 0% of their US portfolio.
Eca Marcellus Trust I (NYSE:ECT) Ratings Coverage
Out of 2 analysts covering Eca Marcellus Trust I (NYSE:ECT), 0 rate it a “Buy”, 2 “Sell”, while 0 “Hold”. This means 0 are positive. Eca Marcellus Trust I has been the topic of 3 analyst reports since August 28, 2015 according to StockzIntelligence Inc. The stock of Eca Marcellus Trust I (NYSE:ECT) earned “Underperform” rating by Raymond James on Tuesday, September 1. The company was downgraded on Tuesday, September 8 by Zacks. The firm earned “Sell” rating on Friday, August 28 by Zacks.
More notable recent Eca Marcellus Trust I (NYSE:ECT) news were published by: Reuters.com which released: “BRIEF-ECA Marcellus Trust I announces quarterly distribution” on April 25, 2013, also Seekingalpha.com with their article: “Are ECA Marcellus Trust Holders About To Get WHXed?” published on March 19, 2013, Seekingalpha.com published: “ECA Marcellus Trust I: Oversold Natural Gas Play” on March 17, 2016. More interesting news about Eca Marcellus Trust I (NYSE:ECT) were released by: Seekingalpha.com and their article: “ECA Marcellus Trust I – Natural Gas Rebound Now Priced In Shares” published on August 11, 2016 as well as Seekingalpha.com‘s news article titled: “ECA Marcellus Trust I – Lower Natural Gas Production And Price Hurts (ECT)” with publication date: May 13, 2015.
ECT Company Profile
ECA Marcellus Trust I (the Trust), incorporated on March 19, 2010, is a statutory trust. The Trust is formed by Energy Corporation of America (ECA) to own royalty interests in natural gas properties owned and operated by ECA in the Marcellus Shale formation in Greene County, Pennsylvania. The Trust does not conduct any activities or activities. The Trust’s purpose is, in general, to hold the Royalty Interests to distribute to the Trust unitholders cash and to perform certain administrative functions in respect of the Royalty Interests and the Trust units. The Trust owns royalty interests in over 10 Producing Wells (the Producing Wells), and royalty interests in over 50 horizontal natural gas development wells to be drilled to the Marcellus Shale formation (the PUD Wells) within the area of mutual interest (AMI), in which ECA holds approximately 9,300 acres, of which it owned all of the working interests, in Greene County, Pennsylvania. The AMI consists of the Marcellus Shale formation in approximately 120 square miles in Greene County, Pennsylvania. The Trust owns Royalty Interests in over 40 development wells (approximately 52.06 Equivalent PUD Wells) that are in production. These wells are called the Trust Wells.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.