National Bank Financial Cuts Chinook Energy (CKE) Price Target to C$0.35

Chinook Energy (TSE:CKE) had its price objective lowered by National Bank Financial from C$0.50 to C$0.35 in a research report sent to investors on Tuesday. The brokerage currently has an outperform rating on the stock.

A number of other research analysts have also recently commented on the company. Catalyst Equity Research reduced their target price on Chinook Energy from C$0.55 to C$0.50 in a research note on Monday, November 13th. reduced their target price on Chinook Energy from C$0.55 to C$0.50 in a research note on Monday, November 13th. reduced their target price on Chinook Energy from C$0.55 to C$0.50 in a research note on Monday, November 13th. Raymond James Financial reduced their target price on Chinook Energy from C$0.30 to C$0.25 and set a market perform rating on the stock in a research note on Monday, November 13th. Finally, reduced their target price on Chinook Energy from C$0.55 to C$0.50 in a research note on Monday, November 13th.

Chinook Energy (CKE) opened at C$0.22 on Tuesday. The company has a market capitalization of $48.85, a price-to-earnings ratio of 4.40 and a beta of 1.13. Chinook Energy has a 12 month low of C$0.22 and a 12 month high of C$0.47.

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Chinook Energy Company Profile

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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