The stock of Eca Marcellus Trust I (NYSE:ECT) hit a new 52-week high and has $4.36 target or 75.00% above today’s $2.49 share price. The 6 months bullish chart indicates low risk for the $44.40 million company. The 1-year high was reported on Oct, 13 by Barchart.com. If the $4.36 price target is reached, the company will be worth $33.30M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 98,498 shares traded hands or 78.96% up from the average. Eca Marcellus Trust I (NYSE:ECT) has risen 91.13% since March 10, 2016 and is uptrending. It has outperformed by 83.61% the S&P500.
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. Zacks downgraded the stock to “Sell” rating in Tuesday, September 8 report. The firm earned “Sell” rating on Friday, August 28 by Zacks. The rating was downgraded by Raymond James on Tuesday, September 1 to “Underperform”.
Insitutional Activity: The institutional sentiment decreased to 0.25 in Q2 2016. Its down 0.22, from 0.47 in 2016Q1. The ratio dived, 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.
The West Virginia-based Utd Natl Bank has invested 0.06% in Eca Marcellus Trust I (NYSE:ECT). Morgan Stanley last reported 25,153 shares in the company. Royal National Bank Of Canada owns 7,818 shares or 0% of their US portfolio. Ladenburg Thalmann Fincl Serv last reported 200 shares in the company. Amg Natl Tru Retail Bank accumulated 0.01% or 39,220 shares. American Research Mgmt holds 0% or 1,500 shares in its portfolio. Reilly Fincl Advisors Ltd last reported 272 shares in the company. California Public Employees Retirement accumulated 49,300 shares or 0% of the stock. Css Limited Company Il has 0% invested in the company for 24,649 shares. Sunbelt Secs holds 2,403 shares or 0% of its portfolio. Kcg accumulated 0% or 25,033 shares. Raymond James & Associates holds 0% of its portfolio in Eca Marcellus Trust I (NYSE:ECT) for 12,100 shares. National Bank Of America Corporation De holds 0% or 250 shares in its portfolio. Kanaly Tru Com accumulated 0.01% or 14,890 shares. Susquehanna International Group Incorporated Llp holds 0% of its portfolio in Eca Marcellus Trust I (NYSE:ECT) for 16,706 shares.
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 $44.40 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 12.98 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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