Shares of Chinook Energy Inc. (TSE:CKE) have received an average rating of “Hold” from the seven ratings firms that are covering the company. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$0.73.
CKE has been the topic of several analyst reports. Cormark raised shares of Chinook Energy from a “market perform” rating to a “speculative buy” rating in a research note on Tuesday, June 14th. FirstEnergy Capital raised shares of Chinook Energy from a “market perform” rating to a “speculative buy” rating in a research report on Tuesday, June 14th. TD Securities reduced their price objective on shares of Chinook Energy from C$0.70 to C$0.65 and set a “hold” rating on the stock in a research report on Friday, August 12th. Dundee Securities raised shares of Chinook Energy from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 14th. Finally, Raymond James Financial Inc. raised shares of Chinook Energy from an “underperform” rating to a “market perform” rating and set a C$0.50 price objective on the stock in a research report on Monday, June 6th.
Chinook Energy (TSE:CKE) traded down 2.00% on Friday, hitting $0.49. 117,590 shares of the company were exchanged. Chinook Energy has a 52 week low of $0.40 and a 52 week high of $0.70. The company has a 50 day moving average price of $0.51 and a 200-day moving average price of $0.51. The stock’s market capitalization is $106.05 million.
About Chinook Energy
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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