Chesapeake Granite Wash Trust (OTCMKTS:CHKR – Get Free Report) issued its earnings results on Tuesday. The company reported $0.01 earnings per share (EPS) 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 Price Performance
Chesapeake Granite Wash Trust stock opened at $0.39 on Wednesday. The firm has a market capitalization of $18.23 million, a P/E ratio of 4.88 and a beta of 0.23. The stock has a fifty day moving average price of $0.41 and a two-hundred day moving average price of $0.42. Chesapeake Granite Wash Trust has a 52-week low of $0.36 and a 52-week 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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