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

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) released its quarterly earnings data on Friday. The company reported $0.03 earnings per share (EPS) for the quarter, Zacks reports. Chesapeake Granite Wash Trust had a return on equity of 42.41% and a net margin of 64.37%. The firm had revenue of $1.57 million during the quarter.

Chesapeake Granite Wash Trust Trading Up 3.0 %

Shares of Chesapeake Granite Wash Trust stock opened at $0.46 on Friday. The company has a 50-day moving average of $0.50 and a two-hundred day moving average of $0.46. The stock has a market cap of $21.66 million, a PE ratio of 4.63 and a beta of 0.54. Chesapeake Granite Wash Trust has a 12-month low of $0.34 and a 12-month high of $0.64.

Chesapeake Granite Wash Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Wednesday, February 19th were issued a dividend of $0.0109 per share. This represents a $0.04 dividend on an annualized basis and a yield of 9.41%. The ex-dividend date was Wednesday, February 19th. Chesapeake Granite Wash Trust’s dividend payout ratio is currently 40.00%.

About Chesapeake Granite Wash Trust

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.