Chesapeake Granite Wash Trust (OTCMKTS:CHKR – Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.03 earnings per share for the quarter, Zacks reports. Chesapeake Granite Wash Trust had a net margin of 58.92% and a return on equity of 30.64%.
Chesapeake Granite Wash Trust Price Performance
CHKR opened at $0.38 on Friday. Chesapeake Granite Wash Trust has a 12-month low of $0.15 and a 12-month high of $0.49. The stock has a market capitalization of $17.76 million, a PE ratio of 5.43 and a beta of 0.23. The firm’s fifty day moving average price is $0.37 and its 200 day moving average price is $0.38.
About Chesapeake Granite Wash Trust
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.
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