Chesapeake Granite Wash Trust (OTCMKTS:CHKR – Get Free Report) posted its earnings results on Tuesday. The company reported $0.01 earnings per share for the quarter, Zacks reports. Chesapeake Granite Wash Trust had a return on equity of 35.92% and a net margin of 64.15%.
Chesapeake Granite Wash Trust Stock Performance
Chesapeake Granite Wash Trust stock remained flat at $0.39 on Tuesday. 26,045 shares of the company’s stock were exchanged, compared to its average volume of 29,635. Chesapeake Granite Wash Trust has a 52-week low of $0.36 and a 52-week high of $0.51. The company’s fifty day moving average is $0.41 and its two-hundred day moving average is $0.42. The firm has a market cap of $18.23 million, a PE ratio of 4.88 and a beta of 0.23.
Chesapeake Granite Wash Trust Company Profile
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.
Featured Stories
- Five stocks we like better than Chesapeake Granite Wash Trust
- Navy Catalyst Ignites Odysight’s Growth Engine
- AST SpaceMobile Plummets on Galactic Q1 Miss: Can Vertical Integration Save the SpaceX Rival?
- Axon Surged After Earnings and Is Still Down Over 50% From Highs
- The Event That Could Redefine Apple’s Summer Rally
Receive News & Ratings for Chesapeake Granite Wash Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chesapeake Granite Wash Trust and related companies with MarketBeat.com's FREE daily email newsletter.
