Jefferies Financial Group Boosts Paramount Resources (TSE:POU) Price Target to C$28.00

Key Points

• Jefferies Financial Group has increased its price target for Paramount Resources from C$25.00 to C$28.00, suggesting a potential upside of 27.27% from the current stock price.
• Other financial institutions, including National Bankshares and CIBC, have also raised their price targets, with consensus now averaging C$26.21 and a majority rating the stock as "Hold."
• Paramount Resources currently has a market capitalization of C$3.15 billion and a P/E ratio of 2.19, highlighting strong financial fundamentals despite share prices fluctuating between C$14.33 and C$32.83 over the past year.

Paramount Resources (TSE:POU - Get Free Report) had its price target boosted by research analysts at Jefferies Financial Group from C$25.00 to C$28.00 in a note issued to investors on Tuesday,BayStreet.CA reports. Jefferies Financial Group's target price would indicate a potential upside of 27.27% from the stock's current price.

POU has been the subject of a number of other reports. National Bankshares lifted their price target on Paramount Resources from C$25.00 to C$27.50 and gave the company a "sector perform" rating in a report on Thursday, September 25th. CIBC lifted their price target on Paramount Resources from C$25.00 to C$26.00 in a report on Wednesday, October 15th. Finally, Royal Bank Of Canada boosted their price objective on Paramount Resources from C$23.00 to C$26.00 and gave the stock a "sector perform" rating in a report on Tuesday, September 23rd. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Paramount Resources presently has a consensus rating of "Hold" and an average target price of C$26.21.

Paramount Resources Price Performance

Shares of Paramount Resources stock traded up C$0.09 during trading on Tuesday, reaching C$22.00. The company's stock had a trading volume of 77,948 shares, compared to its average volume of 582,568. The stock has a 50-day moving average price of C$21.25 and a two-hundred day moving average price of C$20.04. 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 one year low of C$14.33 and a one year high of C$32.83. The stock has a market capitalization of C$3.15 billion, a P/E ratio of 2.19, a price-to-earnings-growth ratio of 0.14 and a beta of 0.49.

About Paramount Resources

Paramount Resources Ltd is a Canadian energy company that explores, develops, produces, and markets natural gas, crude oil, and natural gas liquids. The company takes part in exploration and production in Alberta and British Columbia. Sales for Paramount's products are priced in a multitude of markets that span the United States and Canada.

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