Chinook Energy (TSE:CKE) had its price target decreased by investment analysts at Raymond James from C$0.15 to C$0.05 in a research report issued on Wednesday. The brokerage currently has an “underperform” rating on the stock. Raymond James’ price objective suggests a potential downside of 64.29% from the company’s current price.
Several other research firms have also recently commented on CKE. National Bank Financial reduced their target price on Chinook Energy from C$0.25 to C$0.20 and set a “sector perform” rating for the company in a research note on Monday, December 10th. Canaccord Genuity cut Chinook Energy from a “speculative buy” rating to a “hold” rating and reduced their target price for the company from C$0.35 to C$0.20 in a research note on Thursday, January 10th.
Shares of Chinook Energy stock traded up C$0.01 on Wednesday, hitting C$0.14. 47,500 shares of the company’s stock traded hands, compared to its average volume of 182,009. The stock has a market cap of $29.07 million and a P/E ratio of -1.09. The company has a current ratio of 0.62, a quick ratio of 0.46 and a debt-to-equity ratio of 2.84. Chinook Energy has a 52-week low of C$0.13 and a 52-week high of C$0.28.
Chinook Energy Inc, an oil and natural gas company, engages in the exploration, development, and production of natural gas, natural gas liquids, and crude oil in Canada. The company's principal oil and natural gas properties include 31,350 net acres of land located in Birley/Umbach area, Northeast British Columbia; 75,756 net acres of land located in Martin Creek/Black-Conroy area, Northeast British Columbia; 23,482 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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