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

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

Chesapeake Granite Wash Trust Trading Up 3.0 %

Shares of OTCMKTS:CHKR traded up $0.01 during midday trading on Friday, hitting $0.46. 5,232 shares of the stock were exchanged, compared to its average volume of 31,219. Chesapeake Granite Wash Trust has a twelve month low of $0.34 and a twelve month high of $0.64. The company has a 50 day moving average price of $0.50 and a 200-day moving average price of $0.46. The stock has a market cap of $21.66 million, a P/E ratio of 4.63 and a beta of 0.54.

Chesapeake Granite Wash Trust Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Wednesday, February 19th were given a $0.0109 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 9.41%. The ex-dividend date of this dividend 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.