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

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) issued its quarterly 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 Stock Performance

Shares of CHKR traded up $0.02 during mid-day trading on Thursday, hitting $0.38. The company’s stock had a trading volume of 23,739 shares, compared to its average volume of 30,556. Chesapeake Granite Wash Trust has a one year low of $0.15 and a one year high of $0.49. The firm has a market capitalization of $17.76 million, a PE ratio of 5.43 and a beta of 0.23. The stock’s 50-day moving average is $0.37 and its two-hundred day moving average is $0.38.

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.