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

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

Chesapeake Granite Wash Trust Stock Performance

Chesapeake Granite Wash Trust stock opened at $0.46 on Friday. The company has a market cap of $21.66 million, a price-to-earnings ratio of 4.63 and a beta of 0.54. The firm has a 50 day moving average price of $0.50 and a 200 day moving average price of $0.46. Chesapeake Granite Wash Trust has a 1 year low of $0.34 and a 1 year high of $0.64.

Chesapeake Granite Wash Trust Cuts Dividend

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

Chesapeake Granite Wash Trust Company Profile

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.