Chinook Energy Inc. (CKE) Given New C$0.25 Price Target at Raymond James Financial, Inc.
Chinook Energy Inc. (TSE:CKE) had its price target lowered by analysts at Raymond James Financial, Inc. from C$0.30 to C$0.25 in a report released on Friday. The brokerage presently has an “underperform” rating on the stock. Raymond James Financial, Inc.’s price objective points to a potential downside of 16.67% from the stock’s current price.
Chinook Energy (TSE:CKE) traded down 3.33% during midday trading on Friday, hitting $0.29. The company had a trading volume of 119,116 shares. Chinook Energy has a 12-month low of $0.27 and a 12-month high of $0.59. The company’s 50 day moving average is $0.33 and its 200 day moving average is $0.36. The stock’s market cap is $62.80 million.
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About Chinook Energy
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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