November 16, 2016 - By Louis Casey · 0 Comments
Eca Marcellus Trust I (NYSE:ECT) institutional sentiment decreased to 0.25 in 2016 Q2. Its down -0.22, from 0.47 in 2016Q1. The ratio dropped, as 3 hedge funds increased and started new equity positions, while 12 sold and reduced equity positions in Eca Marcellus Trust I. The hedge funds in our partner’s database now possess: 392,031 shares, down from 887,043 shares in 2016Q1. Also, the number of hedge funds holding Eca Marcellus Trust I in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 6 Reduced: 6 Increased: 1 New Position: 2.
ECA Marcellus Trust I is a statutory trust. The company has a market cap of $36.97 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 11.3 P/E ratio. The Trust does not conduct any activities or activities.
About 31,593 shares traded hands. Eca Marcellus Trust I (NYSE:ECT) has risen 32.08% since April 14, 2016 and is uptrending. It has outperformed by 27.39% the S&P500.
United Bank Inc. holds 0.06% of its portfolio in Eca Marcellus Trust I for 67,725 shares. Amg National Trust Bank owns 39,220 shares or 0.01% of their US portfolio. Moreover, Kanaly Trust Co has 0.01% invested in the company for 14,890 shares. The Massachusetts-based American Research & Management Co. has invested 0% in the stock. Bank Of America Corp De, a North Carolina-based fund reported 250 shares.#img1#
Ratings analysis reveals 0 of Eca Marcellus Trust I’s analysts are positive. Out of 2 Wall Street analysts rating Eca Marcellus Trust I, 0 give it “Buy”, 2 “Sell” rating, while 0 recommend “Hold”. ECT was included in 3 notes of analysts from August 28, 2015. The stock of Eca Marcellus Trust I (NYSE:ECT) has “Sell” rating given on Tuesday, September 8 by Zacks. Zacks upgraded the stock to “Sell” rating in Friday, August 28 report. The stock has “Underperform” rating given by Raymond James on Tuesday, September 1.
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.
More notable recent Eca Marcellus Trust I (NYSE:ECT) news were published by: Reuters.com which released: “BRIEF-ECA Marcellus Trust I announces quarterly distribution” on April 25, 2013, also Seekingalpha.com with their article: “Are ECA Marcellus Trust Holders About To Get WHXed?” published on March 19, 2013, 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: Seekingalpha.com and their article: “ECA Marcellus Trust I – Natural Gas Rebound Now Priced In Shares” published on August 11, 2016 as well as Zacks.com‘s news article titled: “ECA Marcellus Trust I (ECT) in Focus: Stock Jumps 5.4%” with publication date: February 18, 2015.
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By Louis Casey