NYSE:ECT

Stock Analysis Report

ECA Marcellus Trust I

Executive Summary

ECA Marcellus Trust I owns royalty interests in producing and development horizontal natural gas wells for Energy Corporation of America (ECA).

Snowflake

Share Price & News

How has ECA Marcellus Trust I's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.8%

ECT

0.8%

US Oil and Gas

2.3%

US Market


1 Year Return

-39.5%

ECT

-22.2%

US Oil and Gas

5.6%

US Market

Return vs Industry: ECT underperformed the US Oil and Gas industry which returned -22.2% over the past year.

Return vs Market: ECT underperformed the US Market which returned 5.6% over the past year.


Shareholder returns

ECTIndustryMarket
7 Day-1.8%0.8%2.3%
30 Day-15.2%-7.9%-1.0%
90 Day-34.5%-8.3%-0.7%
1 Year-29.3%-39.5%-19.3%-22.2%7.9%5.6%
3 Year-28.4%-53.1%-8.2%-16.4%45.6%36.3%
5 Year-57.5%-78.6%-23.7%-34.3%65.8%47.6%

Price Volatility Vs. Market

How volatile is ECA Marcellus Trust I's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is ECA Marcellus Trust I undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: ECT ($1.12) is trading below our estimate of fair value ($4.4)

Significantly Undervalued: ECT is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ECT is good value based on its PE Ratio (3.8x) compared to the Oil and Gas industry average (9.8x).

PE vs Market: ECT is good value based on its PE Ratio (3.8x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate ECT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ECT is good value based on its PB Ratio (0.4x) compared to the US Oil and Gas industry average (0.9x).

Future Growth

How is ECA Marcellus Trust I forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

15.1%

Forecasted Energy industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as ECA Marcellus Trust I has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has ECA Marcellus Trust I performed over the past 5 years?

-33.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ECT's earnings have declined by -33.5% per year over the past 5 years.

Accelerating Growth: ECT's earnings growth over the past year (11.1%) exceeds its 5-year average (-33.5% per year).

Earnings vs Industry: ECT earnings growth over the past year (11.1%) underperformed the Oil and Gas industry 22.6%.


Return on Equity

High ROE: ECT's Return on Equity (11.4%) is considered low.


Return on Assets

ROA vs Industry: ECT has a higher Return on Assets than the Oil and Gas industry average last year.


Return on Capital Employed

ROCE Improving: ECT has significantly improved its Return on Capital Employed over the past 3 years.

Financial Health

How is ECA Marcellus Trust I's financial position?


Financial Position Analysis

Short Term Liabilities: ECT's short term assets ($1.6M) exceeds its short term liabilities ($657.0K)

Long Term Liabilities: ECT has no long term liabilities


Debt to Equity History and Analysis

Debt Level: ECT is debt free.

Reducing Debt: ECT has not had any debt for past 5 years.

Debt Coverage: ECT has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: ECT has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: ECT has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if ECT's debt is covered by short term assets.

Dividend

What is ECA Marcellus Trust I's current dividend yield, its reliability and sustainability?

28.04%

Current Dividend Yield


Dividend Yield vs Market

company28.0%marketbottom25%1.5%markettop25%3.8%industryaverage4.2%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: ECT's dividend (28.04%) is higher than the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: ECT's dividend (28.04%) is in the top 25% of dividend payers in the US market (3.76%)

Stable Dividend: ECT has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: ECT has only been paying a dividend for 9 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (99.9%), ECT's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Management

What is the CEO of ECA Marcellus Trust I's salary, the management and board of directors tenure and is there insider trading?


CEO

ECA Marcellus Trust I has no CEO, or we have no data on them.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team


    Board Members

      Company Information

      ECA Marcellus Trust I's company bio, employee growth, exchange listings and data sources


      Key Information

      • Name: ECA Marcellus Trust I
      • Ticker: ECT
      • Exchange: NYSE
      • Founded: 2010
      • Industry: Oil and Gas Exploration and Production
      • Sector: Energy
      • Market Cap: US$19.718m
      • Shares outstanding: 17.61m
      • Website: https://null

      Location

      • ECA Marcellus Trust I
      • 601 Travis Street
      • 16th Floor
      • Houston
      • Texas
      • 77002
      • United States

      Listings

      TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
      ECTNYSE (New York Stock Exchange)YesCommon UnitsUSUSDJul 2010

      Biography

      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  ...


      Company Analysis and Financial Data Status

      All financial data provided by Standard & Poor's Capital IQ.
      DataLast Updated (UTC time)
      Company Analysis2019/10/17 00:13
      End of Day Share Price2019/10/16 00:00
      Earnings2019/06/30
      Annual Earnings2018/12/31


      Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.