ECTM Stock Overview

Owns royalty interests in producing wells and horizontal natural gas development wells for Energy Corporation of America (ECA). More details

ECTM fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	2/6
Financial Health	6/6
Dividends	2/6

Rewards

Trading at 72.5% below our estimate of its fair value

Risk Analysis

Does not have a meaningful market cap ($7M)

Does not have meaningful revenue ($2M)

Profit margins (45.9%) are lower than last year (66.5%)

Unstable dividend track record

My Notes

Capture your thoughts, links and company narrative

ECA Marcellus Trust I Competitors

Abraxas Petroleum

OTCPK:AXAS

US$10.3m

Altex Industries

OTCPK:ALTX

US$2.7m

Marine Petroleum Trust

NasdaqCM:MARP.S

US$7.6m

Biloxi Marsh Lands

OTCPK:BLMC

US$10.0m

Price History & Performance

Summary of share price highs, lows and changes for ECA Marcellus Trust I
Historical stock prices
Current Share Price	US$0.41
52 Week High	US$0.58
52 Week Low	US$0.36
Beta	0.71
1 Month Change	-10.09%
3 Month Change	-13.34%
1 Year Change	7.35%
3 Year Change	-24.87%
5 Year Change	-39.22%
Change since IPO	-97.93%

Recent updates

Shareholder Returns

	ECTM	US Oil and Gas	US Market
7D	1.8%	-5.1%	-2.4%
1Y	7.4%	2.7%	23.4%

Return vs Industry: ECTM exceeded the US Oil and Gas industry which returned 2.7% over the past year.

Return vs Market: ECTM underperformed the US Market which returned 23.4% over the past year.

Price Volatility

Is ECTM's price volatile compared to industry and market?
ECTM volatility
ECTM Average Weekly Movement	9.9%
Oil and Gas Industry Average Movement	5.4%
Market Average Movement	6.3%
10% most volatile stocks in US Market	16.8%
10% least volatile stocks in US Market	3.1%

Stable Share Price: ECTM has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: ECTM's weekly volatility (10%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2010	n/a	n/a	ect.q4web.com

ECA Marcellus Trust I owns royalty interests in producing wells and horizontal natural gas development wells for Energy Corporation of America (ECA). The company owns royalty interests in 14 producing wells and 40 development wells located in the Greene County, Pennsylvania. 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.

ECA Marcellus Trust I Fundamentals Summary

How do ECA Marcellus Trust I's earnings and revenue compare to its market cap?
ECTM fundamental statistics
Market cap	US$7.28m
Earnings (TTM)	US$971.65k
Revenue (TTM)	US$2.12m

7.5x

P/E Ratio

3.4x

P/S Ratio

Is ECTM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ECTM income statement (TTM)
Revenue	US$2.12m
Cost of Revenue	US$0
Gross Profit	US$2.12m
Other Expenses	US$1.15m
Earnings	US$971.65k

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.055
Gross Margin	100.00%
Net Profit Margin	45.88%
Debt/Equity Ratio	0%

How did ECTM perform over the long term?

See historical performance and comparison

Dividends

19.1%

Current Dividend Yield

101%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 01:32
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

ECA Marcellus Trust I is covered by 7 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Ethan Bellamy	Baird
Noel Parks	Ladenburg Thalmann & Company
Drew Venker	Morgan Stanley