Paramount Resources (TSE:POU) Given New C$21.00 Price Target at Jefferies Financial Group

Paramount Resources (TSE:POU) had its price objective cut by investment analysts at Jefferies Financial Group from C$35.00 to C$21.00 in a note issued to investors on Monday,BayStreet.CA reports. Jefferies Financial Group’s price target points to a potential upside of 22.66% from the company’s previous close.

A number of other research analysts have also weighed in on POU. Royal Bank of Canada cut their target price on shares of Paramount Resources from C$34.00 to C$19.00 in a research report on Tuesday, February 18th. Scotiabank cut their target price on shares of Paramount Resources from C$46.00 to C$31.00 in a research report on Wednesday, February 19th. BMO Capital Markets cut their target price on shares of Paramount Resources from C$40.00 to C$25.00 in a research report on Wednesday, February 19th. CIBC cut their price objective on shares of Paramount Resources from C$39.50 to C$24.50 in a research report on Wednesday, February 19th. Finally, National Bank Financial lowered shares of Paramount Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$30.11.

Paramount Resources Stock Down 2.7 %

POU stock opened at C$17.12 on Monday. The company has a current ratio of 0.62, a quick ratio of 0.68 and a debt-to-equity ratio of 2.06. Paramount Resources has a 1 year low of C$16.60 and a 1 year high of C$33.06. The company has a fifty day simple moving average of C$29.43 and a 200 day simple moving average of C$28.46. The firm has a market cap of C$2.55 billion, a PE ratio of 7.01, a PEG ratio of 0.14 and a beta of 3.04.

Insider Transactions at Paramount Resources

In other Paramount Resources news, Senior Officer Michael S. Han sold 8,320 shares of Paramount Resources stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of C$30.86, for a total value of C$256,788.48. Insiders own 45.36% of the company’s stock.

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.