Chinook Energy (TSE:CKE) had its price objective cut by equities researchers at National Bank Financial from C$0.35 to C$0.30 in a research note issued on Monday. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 57.89% from the stock’s current price.
Several other research firms have also issued reports on CKE. reduced their target price on Chinook Energy from C$0.55 to C$0.50 in a report on Monday, November 13th. Raymond James Financial reduced their target price on Chinook Energy from C$0.30 to C$0.25 and set a “market perform” rating for the company in a report on Monday, November 13th. Catalyst Equity Research reduced their target price on Chinook Energy from C$0.55 to C$0.50 in a report on Monday, November 13th. GMP Securities dropped their price objective on Chinook Energy from C$0.30 to C$0.25 in a research note on Thursday, January 18th. Finally, dropped their price objective on Chinook Energy from C$0.55 to C$0.50 in a research note on Monday, November 13th.
Chinook Energy (TSE:CKE) remained flat at $C$0.19 during mid-day trading on Monday. 52,300 shares of the company traded hands, compared to its average volume of 121,505. The company has a market capitalization of $43.60, a P/E ratio of 3.80 and a beta of 0.78. Chinook Energy has a 1-year low of C$0.17 and a 1-year high of C$0.41.
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Chinook Energy Inc, an oil and natural gas company, engages in the exploration, development, and production of crude oil, natural gas liquids, and natural gas in Canada. Its principal oil and natural gas properties comprise 51,964 net acres of land located in Birley/Umbach area, Northeast British Columbia; 75,018 net acres of land located in Martin Creek/Black-Conroy area, Northeast British Columbia; 27,291 net acres of land located in Gold Creek and Knopcik areas, Northwest Alberta; and 24,570 net acres of land located in Boundary Lake area, Northeast British Columbia.
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