Chesapeake Granite Wash Trust (OTCMKTS:CHKR – Get Free Report) issued its earnings results on Thursday. The company reported $0.02 earnings per share for the quarter, Zacks reports. Chesapeake Granite Wash Trust had a return on equity of 37.23% and a net margin of 69.70%.
Chesapeake Granite Wash Trust Price Performance
CHKR traded up $0.03 on Thursday, reaching $0.40. 37,694 shares of the company traded hands, compared to its average volume of 31,950. The stock’s 50 day moving average price is $0.35 and its 200-day moving average price is $0.39. Chesapeake Granite Wash Trust has a 52-week low of $0.15 and a 52-week high of $0.50. The company has a market cap of $18.70 million, a price-to-earnings ratio of 5.00 and a beta of 0.17.
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.
See Also
- Five stocks we like better than Chesapeake Granite Wash Trust
- Asian Market Circuit Breakers Hit Stocks, Not AI Demand
- Riot Platforms Re-Wires the Ledger for a $9B AI Power Play
- Nebius Just Exploded 34% on Blowout Earnings—Is It Time to Buy?
- Joby’s Defense Pivot Accelerates With $500M Resonant Sciences Deal
Receive News & Ratings for Chesapeake Granite Wash Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chesapeake Granite Wash Trust and related companies with MarketBeat.com's FREE daily email newsletter.
