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

Shares of Chesapeake Granite Wash Trust (OTCMKTS:CHKR) rose 0.9% during trading on Tuesday . The company traded as high as $0.61 and last traded at $0.61. Approximately 46,758 shares were traded 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 Stock Performance

The business’s 50 day moving average is $0.61 and its 200 day moving average is $0.69. The company has a market capitalization 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 released its earnings results on Monday, April 1st. The company reported $0.03 EPS for the quarter. Chesapeake Granite Wash Trust had a net margin of 75.26% and a return on equity of 77.49%. The company had revenue of $1.93 million during the quarter.

Chesapeake Granite Wash Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Monday, February 19th were issued a dividend of $0.0214 per share. This represents a $0.09 annualized dividend and a dividend yield of 14.03%. The ex-dividend date was Thursday, February 15th. Chesapeake Granite Wash Trust’s dividend payout ratio (DPR) is 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.