Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Posts Quarterly Earnings Results

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) announced its quarterly earnings data on Monday. The company reported $0.02 EPS for the quarter, Zacks reports. Chesapeake Granite Wash Trust had a return on equity of 40.74% and a net margin of 64.76%.

Chesapeake Granite Wash Trust Trading Down 8.5%

CHKR traded down $0.04 during midday trading on Monday, hitting $0.44. The company’s stock had a trading volume of 53,363 shares, compared to its average volume of 33,125. Chesapeake Granite Wash Trust has a 52-week low of $0.39 and a 52-week high of $0.59. The firm has a 50-day moving average price of $0.45 and a two-hundred day moving average price of $0.44. The firm has a market cap of $20.52 million and a P/E ratio of 4.88.

Chesapeake Granite Wash Trust Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, August 29th. Shareholders of record on Wednesday, August 20th were issued a $0.0189 dividend. The ex-dividend date was Tuesday, August 19th. This represents a yield of 1,689.0%. Chesapeake Granite Wash Trust’s payout ratio is 88.89%.

About Chesapeake Granite Wash Trust

Chesapeake Granite Wash Trust owns royalty interests in oil, natural gas liquids, and natural gas properties located in the Colony Granite Wash play in Washita County in the Anadarko Basin of Western Oklahoma. It has royalty interests in 69 producing wells and 118 development wells, and in approximately 26,400 net acres of area.