Chinook Energy (CKE), the Materials sector company, was revisited by a Wall Street analyst yesterday. Analyst Kurt Molnar from Raymond James rated Chinook Energy (CKE) a Sell, setting a C$0.05 price target.
According to TipRanks.com, Molnar has 0 stars on 0-5 star ranking scale with an average return of -26.5% and a 15.8% success rate. Molnar covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Birchcliff Energy Ltd, and NuVista Energy Ltd.
Currently, the analyst consensus on Chinook Energy is a Moderate Sell with an average price target of C$0.14.
Based on Chinook Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of C$1.94 million. In comparison, last year the company had a GAAP net loss of C$21.16 million.
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 Tuesday at C$0.13, close to its 52-week low of C$0.13.
