Market Runner: Is Buying Eca Marcellus Trust I Here a Winning Strategy?

Market Runner: Is Buying Eca Marcellus Trust I Here a Winning Strategy?

The stock of Eca Marcellus Trust I (NYSE:ECT) is a huge mover today! About 122,422 shares traded hands or 164.43% up from the average. Eca Marcellus Trust I (NYSE:ECT) has risen 79.83% since March 4, 2016 and is uptrending. It has outperformed by 71.79% the S&P500.
The move comes after 8 months positive chart setup for the $39.76M company. It was reported on Oct, 7 by Barchart.com. We have $4.83 PT which if reached, will make NYSE:ECT worth $44.13M more.

Analysts await Eca Marcellus Trust I (NYSE:ECT) to report earnings on November, 4.

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. On Friday, August 28 the stock rating was upgraded by Zacks to “Sell”. Zacks downgraded the shares of ECT in a report on Tuesday, September 8 to “Sell” rating. The stock has “Underperform” rating given by Raymond James on Tuesday, September 1.

Insitutional Activity: The institutional sentiment decreased to 0.25 in Q2 2016. Its down 0.22, from 0.47 in 2016Q1. The ratio dropped, 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.
Amg National Tru Retail Bank has 39,220 shares for 0.01% of their US portfolio. Royal State Bank Of Canada has 7,818 shares for 0% of their US portfolio. Moreover, Kcg Inc has 0% invested in Eca Marcellus Trust I (NYSE:ECT) for 25,033 shares. The Illinois-based Css Ltd Com Il has invested 0% in Eca Marcellus Trust I (NYSE:ECT). Raymond James & Assoc holds 12,100 shares or 0% of its portfolio. Ladenburg Thalmann Serv last reported 200 shares in the company. Commercial Bank owns 67,725 shares or 0.06% of their US portfolio. Creative Planning has 0% invested in the company for 300 shares. American Rech & Management accumulated 0% or 1,500 shares. Reilly Advsr Limited Liability Com accumulated 0% or 272 shares. Wells Fargo And Co Mn last reported 0% of its portfolio in the stock. Kanaly accumulated 14,890 shares or 0.01% of the stock. Hightower Advsrs Ltd Limited Liability Company owns 73,000 shares or 0% of their US portfolio. California Pub Employees Retirement Systems reported 49,300 shares or 0% of all its holdings. Bancorp Of America Corporation De owns 250 shares or 0% of their US portfolio.

More notable recent Eca Marcellus Trust I (NYSE:ECT) news were published by: Seekingalpha.com which released: “Are ECA Marcellus Trust Holders About To Get WHXed?” on March 19, 2013, also Seekingalpha.com with their article: “ECA Marcellus Trust I – Natural Gas Rebound Now Priced In Shares” published on August 11, 2016, 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: Zacks.com and their article: “ECA Marcellus Trust I (ECT) in Focus: Stock Jumps 5.4%” published on February 18, 2015 as well as Seekingalpha.com‘s news article titled: “ECA Marcellus Trust I: A Forecast Of Future Distributions” with publication date: November 21, 2013.

ECA Marcellus Trust I is a statutory trust. The company has a market cap of $39.76 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 11.94 P/E ratio. The Trust does not conduct any activities or activities.

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.

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