Chesapeake Granite Wash Trust (NYSE:CHKR) Stock Price Up 5.5%

Shares of Chesapeake Granite Wash Trust (NYSE:CHKR) rose 5.5% during trading on Tuesday . The stock traded as high as $0.60 and last traded at $0.58, approximately 114,500 shares traded hands during trading. A decline of 32% from the average daily volume of 169,619 shares. The stock had previously closed at $0.55.

The company’s 50-day simple moving average is $0.54 and its 200 day simple moving average is $0.70.

Chesapeake Granite Wash Trust (NYSE:CHKR) last released its quarterly earnings results on Tuesday, November 12th. The oil and gas producer reported $0.03 EPS for the quarter. The business had revenue of $2.16 million during the quarter. Chesapeake Granite Wash Trust had a net margin of 75.64% and a return on equity of 35.72%.

A hedge fund recently raised its stake in Chesapeake Granite Wash Trust stock. Susquehanna International Group LLP raised its position in shares of Chesapeake Granite Wash Trust (NYSE:CHKR) by 149.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 128,470 shares of the oil and gas producer’s stock after buying an additional 77,052 shares during the quarter. Susquehanna International Group LLP owned about 0.27% of Chesapeake Granite Wash Trust worth $136,000 at the end of the most recent reporting period.

About Chesapeake Granite Wash Trust (NYSE:CHKR)

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. The company has royalty interests in 69 producing wells and 118 development wells, and in approximately 26,400 net acres of area.

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