Price Don’t Lie: What’s Chesapeake Granite Wash Trust Upside After Today’s Big Increase?

Price Don't Lie: What's Chesapeake Granite Wash Trust Upside After Today's Big Increase?

The stock of Chesapeake Granite Wash Trust (NYSE:CHKR) is a huge mover today! About 116,897 shares traded hands or 19.44% up from the average. Chesapeake Granite Wash Trust (NYSE:CHKR) has declined 36.81% since April 28, 2016 and is downtrending. It has underperformed by 42.74% the S&P500.
The move comes after 8 months positive chart setup for the $117.30M company. It was reported on Dec, 1 by Barchart.com. We have $2.57 PT which if reached, will make NYSE:CHKR worth $8.21 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 dived, 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.
Susquehanna Int Gp Llp has 33,936 shares for 0% of their US portfolio. Cetera Advisor Net Ltd Liability holds 0% or 14,557 shares in its portfolio. Moreover, Millennium Mgmt Lc has 0% invested in Chesapeake Granite Wash Trust (NYSE:CHKR) for 25,099 shares. Wells Fargo And Mn last reported 7,759 shares in the company. Financial Bank Of America De, a North Carolina-based fund reported 25,402 shares. Pnc Financial Services Gru, a Pennsylvania-based fund reported 2,737 shares. Ladenburg Thalmann Financial Services holds 2,200 shares or 0% of its portfolio. Morgan Stanley, a New York-based fund reported 41,053 shares. Deutsche National Bank & Trust Ag last reported 5,183 shares in the company. Janney Montgomery Scott Ltd Liability Corp, a Pennsylvania-based fund reported 21,400 shares. Vantage Investment Advisors Ltd Liability Co has invested 0% of its portfolio in Chesapeake Granite Wash Trust (NYSE:CHKR). Jpmorgan Chase And Com holds 0% or 1,500 shares in its portfolio. Cap Advisory Serv has invested 0% of its portfolio in Chesapeake Granite Wash Trust (NYSE:CHKR). Cypress Cap Group Inc holds 0% or 10,000 shares in its portfolio. Nelson Van Denburg And Campbell Wealth Ltd Liability Company, a Nebraska-based fund reported 100 shares.

More important 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 published article titled: “Why Chesapeake Granite Wash Trust Is a Top 10 Energy Dividend Stock (CHKR)”, Seekingalpha.com published: “Chesapeake Granite Wash Trust – May Dividend Estimate” on February 24, 2016. More interesting news about Chesapeake Granite Wash Trust (NYSE:CHKR) was released by: Reuters.com and their article: “BRIEF-Chesapeake Granite Wash Trust files for non-timely 10-Q” with publication date: November 14, 2016.

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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