Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Trading 3.8% Higher – Should You Buy?

Shares of Chesapeake Granite Wash Trust (OTCMKTS:CHKR) traded up 3.8% during mid-day trading on Monday . The company traded as high as $0.46 and last traded at $0.44. 15,576 shares were traded during trading, a decline of 53% from the average session volume of 32,923 shares. The stock had previously closed at $0.42.

Chesapeake Granite Wash Trust Trading Up 3.8%

The firm has a market capitalization of $20.38 million, a PE ratio of 5.45 and a beta of 0.02. The business has a 50 day moving average price of $0.43 and a 200-day moving average price of $0.46.

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) last released its quarterly earnings results on Monday, May 12th. The company reported $0.01 earnings per share for the quarter. The business had revenue of $1.40 million for the quarter. Chesapeake Granite Wash Trust had a return on equity of 35.19% and a net margin of 59.81%.

Chesapeake Granite Wash Trust Increases Dividend

The company also recently declared a dividend, which was paid on Friday, May 30th. Investors of record on Wednesday, May 21st were issued a $0.0294 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a dividend yield of 26.13%. This is a boost from Chesapeake Granite Wash Trust’s previous dividend of $0.02. Chesapeake Granite Wash Trust’s dividend payout ratio is currently 150.00%.

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.