Chinook Energy (CKE) Cut to “Sector Perform” at National Bank Financial

National Bank Financial downgraded shares of Chinook Energy (TSE:CKE) from an outperform rating to a sector perform rating in a research report released on Friday. They currently have C$0.25 target price on the stock, down from their previous target price of C$0.30.

A number of other brokerages have also issued reports on CKE. Raymond James set a C$0.15 target price on shares of Chinook Energy and gave the company an underperform rating in a research note on Thursday, January 18th. GMP Securities cut their target price on shares of Chinook Energy from C$0.30 to C$0.25 in a research note on Thursday, January 18th.

Shares of Chinook Energy opened at C$0.20 on Friday, MarketBeat Ratings reports. Chinook Energy has a 12 month low of C$0.17 and a 12 month high of C$0.37.

Chinook Energy (TSE:CKE) last issued its quarterly earnings data on Thursday, March 8th. The company reported C($0.02) EPS for the quarter, hitting analysts’ consensus estimates of C($0.02). The firm had revenue of C$4.50 million during the quarter.

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.

Receive News & Ratings for Chinook Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chinook Energy and related companies with MarketBeat.com's FREE daily email newsletter.




Leave a Reply