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

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) announced its quarterly earnings data on Friday. The company reported $0.02 earnings per share (EPS) for the quarter, Zacks reports. Chesapeake Granite Wash Trust had a net margin of 65.92% and a return on equity of 39.91%. The business had revenue of $1.07 million for the quarter.

Chesapeake Granite Wash Trust Price Performance

Shares of Chesapeake Granite Wash Trust stock opened at $0.42 on Friday. Chesapeake Granite Wash Trust has a fifty-two week low of $0.38 and a fifty-two week high of $0.51. The firm has a fifty day moving average price of $0.42 and a two-hundred day moving average price of $0.44. The company has a market cap of $19.40 million, a PE ratio of 5.19 and a beta of 0.22.

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.