CIBC Increases Paramount Resources (TSE:POU) Price Target to C$7.50
Paramount Resources (TSE:POU) had its target price upped by CIBC from C$6.50 to C$7.50 in a research report report published on Friday morning, BayStreet.CA reports.
POU has been the subject of several other reports. Laurentian dropped their target price on Paramount Resources from C$15.00 to C$14.00 in a research note on Wednesday, July 24th. CSFB reiterated an underperform rating and issued a C$7.00 target price on shares of Paramount Resources in a research note on Tuesday, July 16th. Finally, Royal Bank of Canada dropped their target price on Paramount Resources from C$9.00 to C$8.00 in a research note on Friday, October 18th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of C$8.70.
Paramount Resources stock opened at C$6.27 on Friday. The firm has a market capitalization of $777.46 million and a P/E ratio of -2.15. The stock has a fifty day moving average price of C$5.78 and a 200 day moving average price of C$6.77. Paramount Resources has a 52 week low of C$4.91 and a 52 week high of C$9.97. The company has a current ratio of 1.32, a quick ratio of 0.49 and a debt-to-equity ratio of 47.25.
Paramount Resources Ltd., an independent energy company, explores for, develops, produces, and markets natural gas, crude oil, and natural gas liquids in Canada. Its principal properties are the Montney and Duvernay developments covering approximately 3.0 million net acres located in Alberta and British Columbia.
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