Shares of Chesapeake Granite Wash Trust (OTCMKTS:CHKR – Get Free Report) fell 1.1% during trading on Tuesday . The company traded as low as $0.3470 and last traded at $0.3560. Approximately 11,154 shares were traded during trading, a decline of 80% from the average session volume of 54,660 shares. The stock had previously closed at $0.36.
Chesapeake Granite Wash Trust Trading Down 2.2%
The firm’s 50-day moving average is $0.36 and its two-hundred day moving average is $0.38. The stock has a market cap of $16.36 million, a price-to-earnings ratio of 5.00 and a beta of 0.19.
Chesapeake Granite Wash Trust (OTCMKTS:CHKR – Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter. Chesapeake Granite Wash Trust had a return on equity of 30.64% and a net margin of 58.92%.
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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