Paramount Resources (TSE:POU) PT Lowered to C$40.00

Posted by on May 6th, 2023

Paramount Resources (TSE:POU – Get Rating) had its price target decreased by analysts at Stifel Nicolaus from C$41.00 to C$40.00 in a research report issued on Thursday, BayStreet.CA reports. Stifel Nicolaus’ target price indicates a potential upside of 27.96% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. National Bankshares boosted their price objective on shares of Paramount Resources from C$37.50 to C$40.00 in a research report on Tuesday, April 18th. CIBC dropped their target price on Paramount Resources from C$40.00 to C$37.50 in a research report on Friday, April 14th. BMO Capital Markets upped their target price on Paramount Resources from C$35.00 to C$38.00 in a research report on Wednesday, March 8th. ATB Capital cut their price target on shares of Paramount Resources from C$40.00 to C$39.00 in a report on Wednesday, March 8th. Finally, Scotiabank lowered their price objective on Paramount Resources from C$36.00 to C$32.00 in a research report on Tuesday, January 17th.

Paramount Resources Stock Up 3.8 %

POU opened at C$31.26 on Thursday. The firm has a 50 day moving average price of C$30.58 and a 200-day moving average price of C$29.80. The company has a quick ratio of 0.68, a current ratio of 1.79 and a debt-to-equity ratio of 5.25. The stock has a market capitalization of C$4.44 billion, a price-to-earnings ratio of 6.75, a PEG ratio of 0.14 and a beta of 3.54. Paramount Resources has a twelve month low of C$22.16 and a twelve month high of C$40.73.

Paramount Resources (TSE:POU – Get Rating) last posted its quarterly earnings results on Tuesday, March 7th. The company reported C$1.41 EPS for the quarter, topping analysts’ consensus estimates of C$1.01 by C$0.40. The business had revenue of C$597.70 million during the quarter. Equities research analysts forecast that Paramount Resources will post 3.1995906 earnings per share for the current year.

Insider Buying and Selling

In related news, Senior Officer John B. Williams sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, April 17th. The stock was sold at an average price of C$33.25, for a total transaction of C$266,006.40. 46.00% of the stock is owned by company insiders.

Paramount Resources Company Profile

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Paramount Resources Ltd., an independent energy company, explores for, develops, produces, and markets natural gas, crude oil, and natural gas liquids in Canada. The company's principal properties are the Montney and Duvernay developments located in Alberta and British Columbia. It also invests in public and private corporations.

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