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Enter Symbol:
 
Eca Marcellus Trust I (ECT) [hlAlert]

Rating:
Underperform
ECT
up 5.88 %

Eca Marcellus Trust I (ECT) downgraded to Underperform by Raymond James

Posted on: Tuesday,  Sep 1, 2015  10:25 AM ET by Raymond James

Raymond James rated Underperform Eca Marcellus Trust I (NYSE: ECT) on 09/01/2015, when the stock price was $2.16.
Since then, Eca Marcellus Trust I has lost 5.56% as of 09/01/2015's recent price of $2.04.
If you would have followed this Raymond James's recommendation on ECT, you would have gained 5.88% of your investment in 0 days.

ECA Marcellus Trust I (Trust) 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. The royalty interest in the Producing Wells (the PDP Royalty Interest) allows the Trust to receive 90% of the proceeds (after deducting post-production costs and any applicable taxes) from the sale of production of natural gas attributable to ECA?s interest in the Producing Wells. The royalty interest in the PUD Wells allows the Trust to receive 50% of the proceeds from the sale of production of natural gas attributable to ECA?s interest in the PUD Wells.

Our equity research team has gained national attention for stock-picking ability and analyst performance, with recognition in leading publications such as the Wall Street Journal and Institutional Investor magazine*. Raymond James’ equity research philosophy focuses on a fundamental approach that encompasses three basic points. First, we believe that superior research on select companies within well-defined industries is preferable to broad general coverage. Second, we concentrate on the identification of quality companies demonstrating solid growth potential, with the goal of helping our clients maximize their investment returns. Third, to help our clients take advantage of pockets of inefficiency in the market, we strive to locate superior companies from across the country that have the potential to provide our clients with unique opportunities.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/1/2015 10:25 AM Sell
None
2.16
as of 10/17/2014
1 Week   
1 Month   
3 Months   
1 YTD up  5.60 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/9/2014 11:25 AM Hold
None
8.10
11/22/2013 8:25 AM Buy
None
7.70

(*) Stock Price at the time of the recommendation.
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