ECA Marcellus Trust (ECT) Releases Quarterly Earnings Results, Misses Estimates By $0.04 EPS
ECA Marcellus Trust (NYSE:ECT) released its earnings data on Tuesday. The company reported $0.28 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.32 by $0.04, American Banking News.com reports.
ECA Marcellus Trust (NYSE:ECT) opened at 7.2638 on Tuesday. ECA Marcellus Trust has a 52 week low of $6.79 and a 52 week high of $10.75. The stock has a 50-day moving average of $7.19 and a 200-day moving average of $8.. The company has a market cap of $127.9 million and a price-to-earnings ratio of 4.57.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 29th. Shareholders of record on Thursday, August 21st will be given a dividend of $0.281 per share. This represents a $1.12 dividend on an annualized basis and a yield of 15.72%. The ex-dividend date of this dividend is Tuesday, August 19th.
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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