Zacks: Eca Marcellus Trust I (NYSE:ECT) Receives Average Recommendation of “Hold” from Analysts
Shares of Eca Marcellus Trust I (NYSE:ECT) have been given an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.
Zacks has also assigned Eca Marcellus Trust I an industry rank of 230 out of 265 based on the ratings given to its competitors.
Eca Marcellus Trust I (NYSE:ECT) traded down 1.8219% on Friday, reaching $2.1501. 25,868 shares of the company traded hands. The stock has a 50 day moving average of $2.16 and a 200-day moving average of $1.84. Eca Marcellus Trust I has a 1-year low of $0.93 and a 1-year high of $2.40. The stock has a market capitalization of $37.85 million and a price-to-earnings ratio of 11.1984.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Friday, August 19th were paid a $0.028 dividend. The ex-dividend date was Wednesday, August 17th. This represents a $0.11 dividend on an annualized basis and a yield of 5.11%. This is a boost from Eca Marcellus Trust I’s previous quarterly dividend of $0.03.
About Eca Marcellus Trust I
ECA Marcellus Trust I (the Trust) 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 operations or activities.
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