CIBC Trims Paramount Resources (POU) Target Price to C$11.00

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Paramount Resources (TSE:POU) had its price objective cut by CIBC from C$13.00 to C$11.00 in a report released on Friday. They currently have an average rating on the stock.

POU has been the subject of several other research reports. National Bank Financial cut their price objective on Paramount Resources from C$20.00 to C$11.75 and set an outperform rating for the company in a research report on Monday, December 10th. Royal Bank of Canada cut their price objective on Paramount Resources from C$16.00 to C$13.00 and set a sector perform rating for the company in a research report on Monday, November 12th. Scotiabank reissued a hold rating and set a C$9.50 price objective on shares of Paramount Resources in a research report on Thursday, December 20th. Raymond James cut their price objective on Paramount Resources from C$24.50 to C$21.50 and set an outperform rating for the company in a research report on Friday, November 9th. Finally, TD Securities cut their price objective on Paramount Resources from C$14.00 to C$12.00 and set a hold rating for the company in a research report on Friday, November 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. Paramount Resources has a consensus rating of Hold and a consensus target price of C$10.22.

TSE POU opened at C$7.41 on Friday. Paramount Resources has a twelve month low of C$5.75 and a twelve month high of C$18.69. The company has a quick ratio of 0.36, a current ratio of 0.40 and a debt-to-equity ratio of 32.15. The stock has a market cap of $969.96 million and a P/E ratio of -2.86.

About Paramount Resources

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.

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Analyst Recommendations for Paramount Resources (TSE:POU)

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