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

Paramount Resources (TSE:POU) had its target price cut by BMO Capital Markets from C$40.00 to C$25.00 in a research note issued on Wednesday,BayStreet.CA reports. BMO Capital Markets’ price objective would indicate a potential upside of 37.51% from the stock’s previous close.

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

Paramount Resources Price Performance

Shares of Paramount Resources stock traded up C$0.05 on Wednesday, reaching C$18.18. The company’s stock had a trading volume of 736,768 shares, compared to its average volume of 962,645. The stock has a 50-day moving average price of C$30.70 and a 200-day moving average price of C$28.86. Paramount Resources has a 52-week low of C$16.60 and a 52-week high of C$33.06. The company has a market capitalization of C$2.71 billion, a P/E ratio of 7.44, a PEG ratio of 0.14 and a beta of 3.04. The company has a quick ratio of 0.68, a current ratio of 0.62 and a debt-to-equity ratio of 2.06.

Insider Activity at Paramount Resources

In other Paramount Resources news, Director Kimberley Elizabeth Lynch Proctor bought 3,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were purchased at an average price of C$31.36 per share, for a total transaction of C$94,080.00. Also, insider Brenda Gail Riddell acquired 100,000 shares of Paramount Resources stock in a transaction on Monday, November 25th. The stock was acquired at an average price of C$31.30 per share, with a total value of C$3,129,630.00. Insiders have acquired 103,248 shares of company stock valued at $3,231,616 over the last ninety days. 45.36% of the stock is owned by corporate insiders.

Paramount Resources Company Profile

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.