Chinook Energy (CKE) Target Price Boosted  to C$0.35 at Cormark

Chinook Energy (CKE) Target Price Boosted  to C$0.35 at Cormark

Chinook Energy (TSE:CKE) had its target price raised by investment analysts at Cormark from C$0.25 to C$0.35 in a report issued on Tuesday. Cormark’s target price suggests a potential upside of 40.00% from the stock’s previous close.

Separately, Raymond James lifted their price target on Chinook Energy from C$0.15 to C$0.25 and gave the company an “underperform” rating in a research note on Friday, August 10th.

Shares of CKE traded down C$0.01 during trading hours on Tuesday, hitting C$0.25. The stock had a trading volume of 1,800 shares, compared to its average volume of 101,978. Chinook Energy has a 1-year low of C$0.17 and a 1-year high of C$0.34.

Chinook Energy (TSE:CKE) last issued its earnings results on Thursday, August 9th. The company reported C($0.01) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of C($0.01). The firm had revenue of C$7.10 million during the quarter.

In other Chinook Energy news, Director P. Grant Wierzba sold 200,000 shares of Chinook Energy stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of C$0.23, for a total transaction of C$46,000.00. In the last three months, insiders have sold 487,000 shares of company stock worth $106,470.

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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