Chesapeake Granite Wash Trust (OTCMKTS:CHKR – Get Free Report) announced its quarterly earnings results on Tuesday. The company reported $0.01 EPS for the quarter, Zacks reports. Chesapeake Granite Wash Trust had a return on equity of 35.92% and a net margin of 64.15%.
Chesapeake Granite Wash Trust Stock Performance
OTCMKTS:CHKR remained flat at $0.39 on Tuesday. The company’s stock had a trading volume of 26,045 shares, compared to its average volume of 29,635. The stock has a market capitalization of $18.23 million, a PE ratio of 4.88 and a beta of 0.23. The business has a fifty day moving average of $0.41 and a two-hundred day moving average of $0.42. Chesapeake Granite Wash Trust has a 12 month low of $0.36 and a 12 month high of $0.51.
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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