TD Securities Downgrades Chinook Energy to Hold (CKE)
Chinook Energy (TSE:CKE) was downgraded by equities research analysts at TD Securities from a “speculative buy” rating to a “hold” rating in a research note issued to investors on Wednesday, AnalystRatings.Net reports. They currently have a C$1.35 price objective on the stock, up from their previous price objective of C$1.25. TD Securities’ price target would indicate a potential upside of 11.57% from the company’s current price.
Chinook Energy (TSE:CKE) traded down 0.83% on Wednesday, hitting $1.20. The stock had a trading volume of 329,382 shares. Chinook Energy has a 52 week low of $0.80 and a 52 week high of $1.56. The stock has a 50-day moving average of $0.97 and a 200-day moving average of $0.95. The company’s market cap is $257.0 million.
Separately, analysts at National Bank Financial upgraded shares of Chinook Energy from a “sector perform” rating to an “outperform” rating in a research note to investors on Friday, November 15th.
Chinook Energy Inc (TSE:CKE) is a Calgary-based public oil and natural gas exploration and development company with predominately natural gas and liquids assets in Western Canada and crude oil onshore and offshore in Tunisia, North Africa.
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