Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Announces Earnings Results

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) posted its earnings results on Thursday. The company reported $0.03 EPS for the quarter, Zacks reports. Chesapeake Granite Wash Trust had a return on equity of 30.64% and a net margin of 58.92%.

Chesapeake Granite Wash Trust Price Performance

CHKR traded up $0.02 during midday trading on Thursday, reaching $0.38. 23,739 shares of the company’s stock were exchanged, compared to its average volume of 30,556. The business’s 50-day moving average price is $0.37 and its 200 day moving average price is $0.38. The stock has a market capitalization of $17.76 million, a PE ratio of 5.43 and a beta of 0.23. Chesapeake Granite Wash Trust has a 1-year low of $0.15 and a 1-year high of $0.49.

Chesapeake Granite Wash Trust Company Profile

Chesapeake Granite Wash Trust is a statutory royalty trust formed in 2011 to hold interests in oil and natural gas properties in the Granite Wash formation of western Oklahoma. Its properties are located primarily in the Anadarko Basin, including portions of Washita, Custer and Roger Mills counties. The trust does not operate wells, explore for new reserves or provide energy services. Instead, it receives royalty payments tied to production from the underlying properties, which have included oil, natural gas and natural gas liquids.