What’s ECA Marcellus Trust I (ECT) Downside After Making 1 Year Low?

March 18, 2018 - By Henry Gaston

Investors sentiment increased to 1.4 in Q3 2017. Its up 0.40, from 1 in 2017Q2. It is positive, as 3 investors sold ECA Marcellus Trust I shares while 2 reduced holdings. 2 funds opened positions while 5 raised stakes. 498,622 shares or 10.59% more from 450,879 shares in 2017Q2 were reported.
31,891 were accumulated by Amg National Trust National Bank. Reilly Advisors Lc has invested 0% of its portfolio in ECA Marcellus Trust I (NYSE:ECT). Wells Fargo Mn holds 1,602 shares or 0% of its portfolio. Morgan Stanley reported 15,673 shares or 0% of all its holdings. Hightower Advisors Ltd Liability Corporation holds 63,250 shares. Renaissance Tech Ltd Liability Corporation has 67,413 shares for 0% of their portfolio. James Inv Rech accumulated 35,245 shares. Natl Bank Of America De stated it has 0% in ECA Marcellus Trust I (NYSE:ECT). Css Limited Co Il has 24,649 shares. Raymond James Associates accumulated 10,850 shares. Royal Comml Bank Of Canada holds 0% or 6,362 shares. California Pub Employees Retirement owns 0% invested in ECA Marcellus Trust I (NYSE:ECT) for 49,300 shares. Utd Bank & Trust Inc holds 0.06% in ECA Marcellus Trust I (NYSE:ECT) or 67,725 shares. 1,200 are owned by American Rech & Mngmt Com. Atlantic Group Limited Co holds 0% or 50,000 shares in its portfolio.

The stock of ECA Marcellus Trust I (NYSE:ECT) hit a new 52-week low and has $1.88 target or 6.00 % below today’s $2.00 share price. The 7 months bearish chart indicates high risk for the $35.21M company. The 1-year low was reported on Mar, 18 by Barchart.com. If the $1.88 price target is reached, the company will be worth $2.11M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 2.44% or $0.05 during the last trading session, reaching $2. About 36,269 shares traded. ECA Marcellus Trust I (NYSE:ECT) has risen 13.64% since March 18, 2017 and is uptrending. It has underperformed by 3.06% the S&P500.

ECA Marcellus Trust I (NYSE:ECT) Ratings Coverage

Among 2 analysts covering Eca Marcellus Trust I (NYSE:ECT), 0 have Buy rating, 2 Sell and 0 Hold. Therefore 0 are positive. Eca Marcellus Trust I had 3 analyst reports since August 28, 2015 according to SRatingsIntel. The stock has “Underperform” rating by Raymond James on Tuesday, September 1. Zacks upgraded ECA Marcellus Trust I (NYSE:ECT) on Friday, August 28 to “Sell” rating. The firm has “Sell” rating by Zacks given on Tuesday, September 8.

ECA Marcellus Trust I owns royalty interests in producing and development horizontal natural gas wells for Energy Corporation of America . The company has market cap of $35.21 million. The firm owns royalty interests in 14 producing horizontal natural gas wells producing from the Marcellus Shale formation located in Greene County, Pennsylvania; and 52 horizontal natural gas development wells drilled to the Marcellus Shale formation covering approximately 9,300 acres held by ECA in Greene County, Pennsylvania. It has a 6.02 P/E ratio. The Company’s royalty interests in the producing wells allow the firm to receive 90% of the proceeds from the sale of production of natural gas attributable to ECAÂ’s interest in the producing wells; and 50% of the proceeds from the sale of production of natural gas attributable to ECAÂ’s interest in the development wells.

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