BMO Capital Markets Lowers Paramount Resources (TSE:POU) Price Target to C$25.00

Paramount Resources (TSE:POU) had its target price reduced by investment analysts at BMO Capital Markets from C$40.00 to C$25.00 in a report released on Wednesday,BayStreet.CA reports. BMO Capital Markets’ price objective would indicate a potential upside of 38.20% from the company’s previous close.

Other research analysts also recently issued reports about the company. Jefferies Financial Group dropped their price target on Paramount Resources from C$37.00 to C$35.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Scotiabank cut their target price on shares of Paramount Resources from C$46.00 to C$31.00 in a research note on Wednesday. Royal Bank of Canada decreased their price target on shares of Paramount Resources from C$34.00 to C$19.00 in a research report on Tuesday. Cormark upgraded shares of Paramount Resources from a “hold” rating to a “moderate buy” rating in a research note on Friday, November 15th. Finally, CIBC lowered their price target on Paramount Resources from C$39.50 to C$24.50 in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$31.67.

Paramount Resources Stock Down 1.1 %

Paramount Resources stock opened at C$18.09 on Wednesday. The firm has a market cap of C$2.69 billion, a price-to-earnings ratio of 7.41, a P/E/G ratio of 0.14 and a beta of 3.04. The firm has a fifty day moving average price of C$29.94 and a two-hundred day moving average price of C$28.63. Paramount Resources has a fifty-two week low of C$16.60 and a fifty-two week high of C$33.06. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.62 and a quick ratio of 0.68.

Insider Activity at Paramount Resources

In other Paramount Resources news, insider Brenda Gail Riddell purchased 100,000 shares of the stock in a transaction dated Monday, November 25th. The stock was bought at an average price of C$31.30 per share, for a total transaction of C$3,129,630.00. Also, Senior Officer Michael S. Han sold 8,320 shares of the firm’s stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of C$30.86, for a total transaction of C$256,788.48. 45.36% of the stock is currently owned by company insiders.

About Paramount Resources

Paramount Resources Ltd. explores for and develops conventional and unconventional petroleum and natural gas reserves and resources in Canada. The company holds interests in the Karr and Wapiti Montney properties covering an area of 109,000 net acres located south of the city of Grande Prairie, Alberta; Kaybob North Duvernay development and natural gas producing properties covering an area of 124,000 net acres located in west-central Alberta; and Willesden Green Duvernay development in central Alberta and shale gas producing properties in the Horn River Basin in northeast British Columbia covering an area of 249,000 net acres.