Chinook Energy (CKE) Receives a Sell from AltaCorp Captial


In a new note to investors today, an analyst has provided a rating update for the Materials sector company, Chinook Energy (CKE). Analyst Patrick O’rourke from AltaCorp Captial reiterated a Sell rating, with a C$0.17 price target.

According to TipRanks.com, O’rourke has 0 stars on 0-5 star ranking scale with an average return of -6.5% and a 31.7% success rate. O’rourke covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Paramount Resources Ltd, and Kelt Exploration Ltd.

Currently, the analyst consensus on Chinook Energy is a Moderate Sell with an average price target of C$0.15.

Chinook Energy’s market cap is currently C$31.3M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.40.

Chinook Energy, Inc. is an oil and gas exploration and development company, which engages in the exploration, development and production of crude oil, natural gas liquids and natural gas. It operates through the following sgements: Light and Medium Oil; Heavy Oil; Conventional Oil; and Natural Gas Liquid.

The company’s shares closed on Monday at C$0.14, close to its 52-week low of C$0.13.

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