Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Stock Price Up 0.9%

Shares of Chesapeake Granite Wash Trust (OTCMKTS:CHKR) rose 0.9% on Tuesday . The company traded as high as $0.61 and last traded at $0.61. Approximately 46,758 shares changed hands during mid-day trading, an increase of 95% from the average daily volume of 23,973 shares. The stock had previously closed at $0.60.

Chesapeake Granite Wash Trust Trading Up 0.9 %

The stock has a 50 day moving average price of $0.61 and a two-hundred day moving average price of $0.69. The company has a market cap of $28.52 million, a price-to-earnings ratio of 3.39 and a beta of 0.55.

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) last posted its quarterly earnings results on Monday, April 1st. The company reported $0.03 earnings per share for the quarter. Chesapeake Granite Wash Trust had a return on equity of 77.49% and a net margin of 75.26%. The company had revenue of $1.93 million for the quarter.

Chesapeake Granite Wash Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Monday, February 19th were given a $0.0214 dividend. This represents a $0.09 dividend on an annualized basis and a dividend yield of 14.03%. The ex-dividend date was Thursday, February 15th. Chesapeake Granite Wash Trust’s dividend payout ratio is currently 50.00%.

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.