Chesapeake Granite Wash Trust (CHKR) Releases Quarterly Earnings, Beats Expectations By $0.05 EPS
Chesapeake Granite Wash Trust (NASDAQ:CHKR) issued its quarterly earnings data on Wednesday. The company reported $0.65 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.60 by $0.05, Analyst Ratings Net reports.
Chesapeake Granite Wash Trust (NASDAQ:CHKR) opened at 11.50 on Wednesday. Chesapeake Granite Wash Trust has a 52 week low of $9.60 and a 52 week high of $15.19. The stock’s 50-day moving average is $11.10 and its 200-day moving average is $10.98. The company has a market cap of $537.6 million and a P/E ratio of 5.63.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 29th. Stockholders of record on Tuesday, August 19th will be given a dividend of $0.5796 per share. This represents a $2.32 dividend on an annualized basis and a yield of 20.16%. The ex-dividend date of this dividend is Friday, August 15th.
Chesapeake Granite Wash Trust (NASDAQ:CHKR) is a trust formed to own royalty interests for the benefit of Trust unitholders conveyed to the trust by Chesapeake Energy Corporation (Chesapeake).
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