Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Trading Up 5.2%

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) traded up 5.2% on Friday . The stock traded as high as $0.45 and last traded at $0.42. 17,120 shares changed hands during trading, a decline of 48% from the average session volume of 33,027 shares. The stock had previously closed at $0.40.

Chesapeake Granite Wash Trust Price Performance

The firm has a market capitalization of $19.68 million, a PE ratio of 3.24 and a beta of 0.44. The business has a 50-day simple moving average of $0.42 and a 200-day simple moving average of $0.49.

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) last released its earnings results on Monday, August 12th. The company reported $0.02 earnings per share for the quarter. Chesapeake Granite Wash Trust had a return on equity of 41.19% and a net margin of 61.39%. The firm had revenue of $1.25 million for the quarter.

Chesapeake Granite Wash Trust Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, August 29th. Stockholders of record on Tuesday, August 20th were issued a $0.0202 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a dividend yield of 18.12%. Chesapeake Granite Wash Trust’s dividend payout ratio (DPR) is presently 61.54%.

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.