GMP Securities Reiterates C$0.20 Price Target for Chinook Energy (CKE)

GMP Securities set a C$0.20 target price on Chinook Energy (TSE:CKE) in a report published on Friday.

Other analysts have also issued reports about the company. National Bank Financial lowered Chinook Energy from an outperform rating to a sector perform rating and decreased their price target for the stock from C$0.30 to C$0.25 in a research note on Friday. Raymond James set a C$0.15 price objective on Chinook Energy and gave the company an underperform rating in a research note on Thursday, January 18th.

Shares of TSE:CKE opened at C$0.19 on Friday. 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 results on Thursday, March 8th. The company reported C($0.02) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C($0.02). The business 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.

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