Canaccord Genuity Sticks to Its Buy Rating for Chinook Energy (CKE)

By Jason Carr

In a new note to investors yesterday, an analyst has provided a rating update for the Materials sector company, Chinook Energy (TSX: CKE). Analyst Anthony Petrucci from Canaccord Genuity rated Chinook Energy (TSX: CKE) a Buy, setting a C$0.35 price target.

Petrucci said:

“We continue to rate CKE a SPEC BUY with a C$0.35 target. Our target is NAV based and maps to a 2019 EV/DACF of 5.4x.”

According to TipRanks.com, Petrucci is ranked #3840 out of 4850 analysts.

Read also: Crude Oil: Sell Now, Buy Later

The word on The Street in general, suggests a Hold analyst consensus rating for Chinook Energy with a C$0.23 average price target.

Chinook Energy’s market cap is currently C$55.89M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.67.

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 Friday at C$0.25.