CIBC Boosts Paramount Resources (POU) Price Target to C$19.00

Paramount Resources (TSE:POU) had its price target upped by CIBC from C$17.50 to C$19.00 in a research report report published on Monday.

A number of other research firms have also recently issued reports on POU. BMO Capital Markets cut their target price on Paramount Resources from C$20.00 to C$18.00 in a research note on Tuesday, October 9th. Royal Bank of Canada cut their target price on Paramount Resources from C$20.00 to C$18.00 and set a sector perform rating on the stock in a research note on Thursday, August 9th. National Bank Financial cut their target price on Paramount Resources from C$24.50 to C$21.50 and set an outperform rating on the stock in a research note on Thursday, August 9th. Finally, TD Securities cut their target price on Paramount Resources from C$18.00 to C$16.00 in a research note on Thursday, August 9th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of C$22.94.

POU stock opened at C$12.74 on Monday. Paramount Resources has a 1 year low of C$12.26 and a 1 year high of C$25.28.

Paramount Resources (TSE:POU) last posted its earnings results on Wednesday, August 8th. The company reported C($1.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.86) by C($0.15). The company had revenue of C$217.34 million during the quarter, compared to the consensus estimate of C$228.90 million. Paramount Resources had a net margin of 206.65% and a return on equity of 42.13%.

In other Paramount Resources news, insider Clayton H. Riddell purchased 200,000 shares of the stock in a transaction dated Monday, August 13th. The shares were bought at an average cost of C$13.08 per share, with a total value of C$2,616,000.00.

Paramount Resources Company Profile

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 located in Alberta and British Columbia. The company also invests in public and private corporations. Paramount Resources Ltd.

Featured Article: How can you know how many shares are floating?

Analyst Recommendations for Paramount Resources (TSE:POU)

Receive News & Ratings for Paramount Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paramount Resources and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply