Chinook Energy Inc. (TSE:CKE) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.22 and last traded at C$0.23, with a volume of 14685 shares changing hands. The stock had previously closed at C$0.23.

A number of research analysts have recently issued reports on CKE shares. Raymond James Financial raised Chinook Energy from an “underperform” rating to a “market perform” rating and upped their price target for the company from C$0.25 to C$0.30 in a report on Thursday, September 21st. lowered their price target on Chinook Energy from C$0.55 to C$0.50 in a report on Monday, November 13th. lowered their target price on Chinook Energy from C$0.55 to C$0.50 in a report on Monday, November 13th. lowered their target price on Chinook Energy from C$0.55 to C$0.50 in a report on Monday, November 13th. Finally, Catalyst Equity Research lowered their target price on Chinook Energy from C$0.55 to C$0.50 in a report on Monday, November 13th.

The company has a market capitalization of $47.77, a price-to-earnings ratio of 4.60 and a beta of 1.13.

Chinook Energy (TSE:CKE) last posted its earnings results on Thursday, November 9th. The company reported C($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.01).

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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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