Chinook Energy Inc. (CKE) Price Target Cut to C$0.25
Chinook Energy Inc. (TSE:CKE) had its price target cut by analysts at Raymond James Financial, Inc. from C$0.30 to C$0.25 in a report issued on Monday. The firm presently has a “market perform” rating on the stock. Raymond James Financial, Inc.’s target price would indicate a potential downside of 16.67% from the stock’s current price.
Separately, reduced their target price on Chinook Energy from C$0.55 to C$0.50 in a report on Monday.
Chinook Energy (TSE CKE) traded down C$0.02 during mid-day trading on Monday, reaching C$0.30. The company’s stock had a trading volume of 365,709 shares, compared to its average volume of 210,829. Chinook Energy has a 52-week low of C$0.27 and a 52-week high of C$0.54.
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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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