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

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) 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 Trading Up 6.7%

CHKR traded up $0.02 during trading on Thursday, hitting $0.38. The stock had a trading volume of 23,739 shares, compared to its average volume of 30,556. The firm has a market cap of $17.76 million, a PE ratio of 5.43 and a beta of 0.23. Chesapeake Granite Wash Trust has a 12 month low of $0.15 and a 12 month high of $0.49. The company has a 50 day simple moving average of $0.37 and a 200-day simple moving average of $0.38.

Chesapeake Granite Wash Trust Company Profile

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.