Chesapeake Granite Wash Trust (OTCMKTS:CHKR – Get Free Report) issued its quarterly earnings results on Friday. The company reported $0.02 earnings per share (EPS) for the quarter, Zacks reports. Chesapeake Granite Wash Trust had a return on equity of 39.91% and a net margin of 65.92%.The firm had revenue of $1.07 million during the quarter.
Chesapeake Granite Wash Trust Trading Down 1.3%
CHKR stock opened at $0.42 on Friday. The company’s 50 day moving average is $0.42 and its 200 day moving average is $0.44. The stock has a market cap of $19.40 million, a price-to-earnings ratio of 4.61 and a beta of 0.22. Chesapeake Granite Wash Trust has a 1-year low of $0.38 and a 1-year high of $0.51.
About Chesapeake Granite Wash Trust
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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