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

by · The Cerbat Gem

Chesapeake Granite Wash Trust (OTCMKTS:CHKR – Get Free Report) announced its earnings results on Tuesday. The company reported $0.01 earnings per share (EPS) for the quarter, Zacks reports. Chesapeake Granite Wash Trust had a net margin of 69.70% and a return on equity of 37.22%. The business had revenue of $1.10 million for the quarter.

Chesapeake Granite Wash Trust Stock Up 0.1%

Chesapeake Granite Wash Trust stock traded up $0.00 on Thursday, hitting $0.39. The company’s stock had a trading volume of 33,333 shares, compared to its average volume of 29,613. The firm has a market cap of $18.14 million, a P/E ratio of 4.85 and a beta of 0.23. The company has a fifty day moving average price of $0.41 and a 200-day moving average price of $0.42. Chesapeake Granite Wash Trust has a one year low of $0.36 and a one year high of $0.51.

About Chesapeake Granite Wash Trust

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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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