Eca Marcellus Trust I (NYSE:ECT)’s share price dropped 0.5% during trading on Friday . The stock traded as low as $1.75 and last traded at $1.75. Approximately 2,180 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 45,640 shares. The stock had previously closed at $1.76.
Eca Marcellus Trust I (NYSE:ECT) last announced its quarterly earnings data on Friday, May 10th. The oil and gas company reported $0.06 EPS for the quarter. The firm had revenue of $1.68 million during the quarter. Eca Marcellus Trust I had a net margin of 83.04% and a return on equity of 12.35%.
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Tuesday, May 21st were given a $0.064 dividend. This represents a $0.26 annualized dividend and a dividend yield of 14.63%. The ex-dividend date was Monday, May 20th.
Eca Marcellus Trust I Company Profile (NYSE:ECT)
ECA Marcellus Trust I owns royalty interests in producing and development horizontal natural gas wells for Energy Corporation of America (ECA). The company owns royalty interests in 14 producing wells and 40 development wells. Its royalty interests in the producing wells allow the company to receive 90% of the proceeds from the sale of production of natural gas attributable to ECA's interest in the producing wells; and 50% of the proceeds from the sale of production of natural gas attributable to ECA's interest in the development wells.
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