Chesapeake Granite Wash Trust (OTCMKTS:CHKR – Get Free Report) issued its earnings results on Thursday. The company reported $0.02 EPS for the quarter, Zacks reports. Chesapeake Granite Wash Trust had a return on equity of 37.23% and a net margin of 69.70%.
Chesapeake Granite Wash Trust Stock Down 1.2%
CHKR traded down $0.00 during trading on Friday, reaching $0.40. The company’s stock had a trading volume of 33,005 shares, compared to its average volume of 31,839. Chesapeake Granite Wash Trust has a 1 year low of $0.15 and a 1 year high of $0.50. The company has a market cap of $18.47 million, a price-to-earnings ratio of 4.94 and a beta of 0.17. The firm has a fifty day simple moving average of $0.35 and a two-hundred day simple moving average of $0.39.
About Chesapeake Granite Wash Trust
Chesapeake Granite Wash Trust is a royalty trust established to distribute proceeds from an overriding net profits interest in certain oil and natural gas properties. The trust holds interests in horizontal wells targeting the Granite Wash formation, a prolific reservoir spanning parts of the western Anadarko Basin in northwest Texas and western Oklahoma. Revenues generated by these assets are passed directly through to trust unitholders on a quarterly basis.
The underlying properties consist primarily of horizontal drilling projects operated by Chesapeake Energy and its affiliates.
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