Chesapeake Granite Wash Trust (OTCMKTS:CHKR – Get Free Report) posted its quarterly earnings data on Thursday. The company reported $0.02 earnings per share (EPS) 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 Stock Performance
CHKR stock opened at $0.40 on Friday. The company has a market capitalization of $18.47 million, a price-to-earnings ratio of 5.64 and a beta of 0.17. Chesapeake Granite Wash Trust has a fifty-two week low of $0.15 and a fifty-two week high of $0.50. The stock has a fifty day moving average of $0.35 and a 200-day moving average of $0.39.
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.
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