Price Action Report: What’s Chesapeake Granite Wash Trust Downside After Today’s Huge Decline?

Price Action Report: What's Chesapeake Granite Wash Trust Downside After Today's Huge Decline?

The stock of Chesapeake Granite Wash Trust (NYSE:CHKR) is a huge mover today! The stock 0.12% or $0 on November 8, hitting $2.15. It is up 18.56% since April 6, 2016 and is downtrending. It has underperformed by 20.52% the S&P500.
The move comes after 6 months negative chart setup for the $102.79 million company. It was reported on Nov, 8 by Barchart.com. We have $1.85 PT which if reached, will make NYSE:CHKR worth $14.39M less.

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 increased to 0.8 in Q2 2016. Its up 0.30, from 0.5 in 2016Q1. The ratio improved, 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.
Royal Comml Bank Of Canada has invested 0% of its portfolio in Chesapeake Granite Wash Trust (NYSE:CHKR). Investors Advisory holds 11,178 shares or 0% of its portfolio. Cypress Cap Grp last reported 0% of its portfolio in the stock. The Pennsylvania-based Vantage Invest Advsrs Ltd Company has invested 0% in Chesapeake Granite Wash Trust (NYSE:CHKR). Ladenburg Thalmann Fin Svcs last reported 2,200 shares in the company. Millennium Ltd Limited Liability Company last reported 0% of its portfolio in the stock. Moreover, Creative Planning has 0% invested in Chesapeake Granite Wash Trust (NYSE:CHKR) for 1,950 shares. Amg Tru Bank & Trust has 178,356 shares for 0.03% of their US portfolio. Wells Fargo Com Mn holds 0% of its portfolio in Chesapeake Granite Wash Trust (NYSE:CHKR) for 7,759 shares. Deutsche Fincl Bank Ag last reported 5,183 shares in the company. Bancorp Of America De, a North Carolina-based fund reported 25,402 shares. Weaver C Barksdale Associate Incorporated, a Tennessee-based fund reported 190 shares. Susquehanna Intl Gp Llp holds 0% of its portfolio in Chesapeake Granite Wash Trust (NYSE:CHKR) for 33,936 shares. Jpmorgan Chase And accumulated 0% or 1,500 shares. Cetera Advisor Ntwk Limited Liability Corp last reported 14,557 shares in the company.

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, Seekingalpha.com published: “Chesapeake Granite Wash Trust – May Dividend Estimate” on February 24, 2016. More interesting news about Chesapeake Granite Wash Trust (NYSE:CHKR) were released by: Seekingalpha.com and their article: “Chesapeake Granite Wash Trust Is A Strong Buy, Part II” published on April 08, 2013 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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