Chinook Energy Inc. (TSE:CKE) had its price objective cut by research analysts at Catalyst Equity Research from C$0.55 to C$0.50 in a research note issued on Monday. Catalyst Equity Research’s price objective indicates a potential upside of 66.67% from the company’s previous close.

A number of other research analysts have also recently commented on the stock. dropped their target price on shares of Chinook Energy from C$0.55 to C$0.50 in a report on Monday. lowered their price objective on Chinook Energy from C$0.55 to C$0.50 in a research note on Monday. Raymond James Financial, Inc. lowered their price objective on Chinook Energy from C$0.30 to C$0.25 and set a “market perform” rating for the company in a research note on Monday. Finally, lowered their price objective on Chinook Energy from C$0.55 to C$0.50 in a research note on Monday.

Chinook Energy (TSE:CKE) traded down C$0.02 during mid-day trading on Monday, hitting C$0.30. 365,709 shares of the stock were exchanged, compared to its average volume of 210,829. Chinook Energy has a 52-week low of C$0.27 and a 52-week high of C$0.54.

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About Chinook Energy

Chinook Energy Inc, an oil and natural gas company, engages in the exploration, development, and production of crude oil, natural gas liquids, and natural gas in Canada. Its principal oil and natural gas properties comprise 51,964 net acres of land located in Birley/Umbach area, Northeast British Columbia; 75,018 net acres of land located in Martin Creek/Black-Conroy area, Northeast British Columbia; 27,291 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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