ECA Marcellus Trust Reaches New 52-Week Low at $6.79 (ECT)
ECA Marcellus Trust (NYSE:ECT) shares hit a new 52-week low during mid-day trading on Thursday , AnalystRatingsNetwork reports. The company traded as low as $6.79 and last traded at $7.12, with a volume of 93,509 shares trading hands. The stock had previously closed at $7.17.
The stock has a 50-day moving average of $7.16 and a 200-day moving average of $8.27. The company has a market cap of $123.9 million and a price-to-earnings ratio of 4.58.
ECA Marcellus Trust (NYSE:ECT) last posted its quarterly earnings results on Wednesday, May 28th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by $0.09. On average, analysts predict that ECA Marcellus Trust will post $1.32 earnings per share for the current fiscal year.
ECA Marcellus Trust I (NYSE:ECT) is a trust formed by Energy Corporation of America (ECA) to own royalty interests in 14 producing horizontal natural gas wells producing from the Marcellus Shale formation and located in Greene County, Pennsylvania (the Producing Wells) and royalty interests in 52 horizontal natural gas development wells to be drilled to the Marcellus Shale formation (the PUD Wells) within the Area of Mutual Interest consisted of 9,300 net acres held by ECA in Greene County, Pennsylvania.
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