ECA Marcellus Trust Sets New 1-Year Low at $6.60 (ECT)
Shares of ECA Marcellus Trust (NYSE:ECT) reached a new 52-week low during trading on Tuesday , Analyst Ratings Network reports. The company traded as low as $6.60 and last traded at $6.80, with a volume of 336,853 shares. The stock had previously closed at $7.13.
The stock has a 50-day moving average of $7.1 and a 200-day moving average of $8.01. The company has a market cap of $118.3 million and a price-to-earnings ratio of 5.01.
ECA Marcellus Trust (NYSE:ECT) last posted its quarterly earnings results on Tuesday, August 12th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $0.04. Analysts expect that ECA Marcellus Trust will post $1.27 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 29th. Investors 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 16.73%. 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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