Brokerages Set Chinook Energy Inc. (TSE:CKE) Price Target at $0.73
Chinook Energy Inc. (TSE:CKE) has been given an average recommendation of “Hold” by the seven ratings firms that are presently covering the firm. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$0.73.
Several equities analysts recently issued reports on CKE shares. Cormark upgraded Chinook Energy from a “market perform” rating to a “speculative buy” rating in a research report on Tuesday, June 14th. FirstEnergy Capital upgraded Chinook Energy from a “market perform” rating to a “speculative buy” rating in a research note on Tuesday, June 14th. TD Securities cut their target price on Chinook Energy from C$0.70 to C$0.65 and set a “hold” rating on the stock in a research note on Friday, August 12th. Finally, Dundee Securities upgraded Chinook Energy from a “neutral” rating to a “buy” rating in a research note on Tuesday, June 14th.
Shares of Chinook Energy (TSE:CKE) opened at 0.51 on Friday. The stock has a 50 day moving average of $0.51 and a 200 day moving average of $0.51. Chinook Energy has a 52 week low of $0.40 and a 52 week high of $0.70. The firm’s market cap is $110.38 million.
Chinook Energy Company Profile
Chinook Energy Inc is a petroleum and natural gas production company focused on development and exploration opportunities in western Canada. The Company has assets in the Plains-West Central District, the Grande Prairie District and the Peace River Arch District. The Company’s operations combine multi-zone conventional production and resource plays in its Western Canadian Sedimentary Basin producing properties and undeveloped land predominately located in northwestern Alberta and northeastern British Columbia.
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