Price Action To Observe: Chesapeake Granite Wash Trust Can’t Burn Your Long Portfolio. Has Another Strong Session

Price Action To Observe: Chesapeake Granite Wash Trust Can't Burn Your Long Portfolio. Has Another Strong Session

The stock of Chesapeake Granite Wash Trust (NYSE:CHKR) is a huge mover today! The stock increased 4.55% or $0.1 on November 23, hitting $2.3. About 128,423 shares traded hands or 31.65% up from the average. Chesapeake Granite Wash Trust (NYSE:CHKR) has declined 31.55% since April 22, 2016 and is downtrending. It has underperformed by 36.96% the S&P500.
The move comes after 8 months positive chart setup for the $110.03 million company. It was reported on Nov, 24 by Barchart.com. We have $2.44 PT which if reached, will make NYSE:CHKR worth $6.60 million more.

Analysts await Chesapeake Granite Wash Trust (NYSE:CHKR) to report earnings on March, 9.

According to Zacks Investment Research, “Chesapeake Granite Wash Trust is a trust formed to own royalty interests in oil and natural gas producing wells. The Trust has royalty rights to horizontal wells in the Colony Granite Wash area in Washita County, Oklahoma.”

Insitutional Activity: The institutional sentiment decreased to 0.45 in 2016 Q2. Its down 0.35, from 0.8 in 2016Q1. The ratio worsened, as 5 funds sold all Chesapeake Granite Wash Trust shares owned while 5 reduced positions. 2 funds bought stakes while 6 increased positions. They now own 383,966 shares or 34.80% less from 588,904 shares in 2016Q1.
The Massachusetts-based Investors Advisory has invested 0% in Chesapeake Granite Wash Trust (NYSE:CHKR). Morgan Stanley, a New York-based fund reported 41,053 shares. Jpmorgan Chase And Co holds 1,500 shares or 0% of its portfolio. Pnc has invested 0% of its portfolio in Chesapeake Granite Wash Trust (NYSE:CHKR). Deutsche Bancorporation Ag holds 0% of its portfolio in Chesapeake Granite Wash Trust (NYSE:CHKR) for 5,183 shares. Susquehanna Intll Gp Limited Liability Partnership reported 33,936 shares or 0% of all its holdings. Ladenburg Thalmann Svcs holds 0% of its portfolio in Chesapeake Granite Wash Trust (NYSE:CHKR) for 2,200 shares. Creative Planning, a Kansas-based fund reported 1,950 shares. Bancorp Of America De owns 25,402 shares or 0% of their US portfolio. Janney Montgomery Scott Ltd Liability holds 21,400 shares or 0% of its portfolio. Vantage Inv Advisors Ltd last reported 1,000 shares in the company. Royal Fincl Bank Of Canada has 366 shares for 0% of their US portfolio. The Nebraska-based Nelson Van Denburg & Campbell Wealth Management Gru Limited Liability has invested 0% in Chesapeake Granite Wash Trust (NYSE:CHKR). Wells Fargo And Mn, a California-based fund reported 7,759 shares. Cetera Advisor Ltd Liability Com accumulated 0% or 14,557 shares.

More notable recent Chesapeake Granite Wash Trust (NYSE:CHKR) news were published by: Zacks.com which released: “Bear of the Day: Chesapeake Granite Wash Trust (CHKR)” on July 09, 2014, also Forbes.com with their article: “Why Chesapeake Granite Wash Trust Is a Top 10 Energy Dividend Stock (CHKR)” published on June 20, 2013, Reuters.com published: “BRIEF-Chesapeake Granite Wash Trust files for non-timely 10-Q” on November 14, 2016. More interesting news about Chesapeake Granite Wash Trust (NYSE:CHKR) were released by: Seekingalpha.com and their article: “Chesapeake Granite Wash Trust – May Dividend Estimate” published on February 24, 2016 as well as Zacks.com‘s news article titled: “Is Chesapeake Granite Wash Trust (CHKR) Stock a Solid Choice Right Now?” with publication date: August 29, 2014.

CHKR Company Profile

Chesapeake Granite Wash Trust (the Trust), incorporated on June 29, 2011, is a trust formed to own royalty interests for the benefit of Trust unit holders. The royalty interests held by the Trust (Royalty Interests) are derived from Chesapeake Energy Corporation’s (Chesapeake’s) interests in specified oil and natural gas properties located in the Colony Granite Wash play in Washita County in the Anadarko Basin of western Oklahoma. Chesapeake conveyed the Royalty Interests to the Trust from its interests in approximately 70 existing horizontal wells (Producing Wells) and Chesapeake’s interests in over 120 horizontal development wells (Development Wells) to be drilled on properties within the Area of Mutual Interest (AMI). The AMI lies within Washita County in western Oklahoma and is limited to only the Colony Granite Wash formation, where Chesapeake holds approximately 40,500 gross acres.

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