Paramount Resources (TSE:POU) Price Target Raised to C$27.50

Key Points

• The price target for Paramount Resources has been raised from C$25.00 to C$27.50 by National Bankshares, signaling a potential upside of 20.67% from its current price.
• Several analysts have adjusted their price targets, with Jefferies Financial Group increasing theirs to C$25.00 and Royal Bank of Canada to C$26.00, contributing to a consensus rating of "Moderate Buy" with a target of C$25.21.
• As of Thursday, Paramount Resources' stock traded at C$22.79, reflecting a 2.3% increase and a market capitalization of C$3.27 billion.

Paramount Resources (TSE:POU - Get Free Report) had its price target boosted by National Bankshares from C$25.00 to C$27.50 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the stock. National Bankshares' price objective would indicate a potential upside of 20.67% from the company's current price.

A number of other equities research analysts have also commented on the company. Jefferies Financial Group raised their price objective on Paramount Resources from C$21.00 to C$25.00 in a research report on Wednesday, July 23rd. Royal Bank Of Canada raised their price target on Paramount Resources from C$23.00 to C$26.00 and gave the stock a "sector perform" rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$25.21.

Paramount Resources Trading Up 2.3%

POU traded up C$0.51 on Thursday, reaching C$22.79. 182,524 shares of the company's stock were exchanged, compared to its average volume of 619,313. The company has a market cap of C$3.27 billion, a price-to-earnings ratio of 2.27, a PEG ratio of 0.14 and a beta of 0.68. Paramount Resources has a twelve month low of C$14.33 and a twelve month high of C$32.83. The company's 50 day moving average is C$20.67 and its 200-day moving average is C$19.34. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.68 and a current ratio of 0.62.

Paramount Resources Company Profile

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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