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

by · The Cerbat Gem

Chesapeake Granite Wash Trust (OTCMKTS:CHKR – Get Free Report) issued its earnings results on Monday. The company reported $0.02 EPS for the quarter, Zacks reports. Chesapeake Granite Wash Trust had a return on equity of 40.74% and a net margin of 64.76%.

Chesapeake Granite Wash Trust Stock Performance

Shares of CHKR traded down $0.04 during trading hours on Monday, hitting $0.44. The stock had a trading volume of 53,363 shares, compared to its average volume of 33,125. The firm has a 50-day moving average price of $0.45 and a 200 day moving average price of $0.44. Chesapeake Granite Wash Trust has a fifty-two week low of $0.39 and a fifty-two week high of $0.59. The firm has a market capitalization of $20.52 million and a price-to-earnings ratio of 4.88.

Chesapeake Granite Wash Trust Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, August 29th. Investors of record on Wednesday, August 20th were paid a $0.0189 dividend. This represents a dividend yield of 1,689.0%. The ex-dividend date was Tuesday, August 19th. Chesapeake Granite Wash Trust’s payout ratio is currently 88.89%.

Chesapeake Granite Wash Trust Company Profile

(Get Free Report)

Chesapeake Granite Wash Trust owns royalty interests in oil, natural gas liquids, and natural gas properties located in the Colony Granite Wash play in Washita County in the Anadarko Basin of Western Oklahoma. It has royalty interests in 69 producing wells and 118 development wells, and in approximately 26,400 net acres of area.

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