Chinook Energy (CKE) Rating Lowered to Hold at Canaccord Genuity
Chinook Energy (TSE:CKE) was downgraded by investment analysts at Canaccord Genuity from a “speculative buy” rating to a “hold” rating in a report released on Thursday. They presently have a C$0.20 price objective on the stock, down from their previous price objective of C$0.35. Canaccord Genuity’s price target would suggest a potential upside of 42.86% from the stock’s current price.
Several other analysts have also recently weighed in on the stock. National Bank Financial decreased their price objective on shares of Chinook Energy from C$0.25 to C$0.20 and set a “sector perform” rating on the stock in a research note on Monday, December 10th. Cormark upped their target price on shares of Chinook Energy from C$0.25 to C$0.35 in a research report on Tuesday, October 9th. Finally, Raymond James reduced their target price on shares of Chinook Energy from C$0.25 to C$0.20 and set an “underperform” rating on the stock in a research report on Monday, November 12th.
Shares of Chinook Energy stock opened at C$0.14 on Thursday. 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 1-year low of C$0.13 and a 1-year high of C$0.28.
Chinook Energy Company Profile
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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