Chinook Energy (CKE) Lowered to Hold at Canaccord Genuity
Canaccord Genuity cut shares of Chinook Energy (TSE:CKE) from a speculative buy rating to a hold rating in a research note released on Thursday. Canaccord Genuity currently has C$0.20 price objective on the stock, down from their prior price objective of C$0.35.
CKE has been the topic of several other reports. Cormark boosted their target price on Chinook Energy from C$0.25 to C$0.35 in a research note on Tuesday, October 9th. Raymond James lowered their target price on Chinook Energy from C$0.25 to C$0.20 and set an underperform rating on the stock in a research note on Monday, November 12th. Finally, National Bank Financial lowered their target price on 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.
Chinook Energy stock traded down C$0.01 during mid-day trading on Thursday, reaching C$0.14. 326,000 shares of the company’s stock were exchanged, compared to its average volume of 197,365. Chinook Energy has a one year low of C$0.13 and a one year high of C$0.28. 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 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.
Further Reading: Fundamental Analysis – How It Helps Investors
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