CIBC Boosts Paramount Resources (TSE:POU) Price Target to C$26.00

Paramount Resources (TSE:POU) had its price objective upped by CIBC from C$25.00 to C$26.00 in a research report issued on Wednesday,BayStreet.CA reports. CIBC’s price objective points to a potential upside of 18.45% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Jefferies Financial Group increased their price objective on shares of Paramount Resources from C$21.00 to C$25.00 in a report on Wednesday, July 23rd. Royal Bank Of Canada upped their target price on shares of Paramount Resources from C$23.00 to C$26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, September 23rd. Finally, 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. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$25.79.

Paramount Resources Price Performance

Shares of POU opened at C$21.95 on Wednesday. Paramount Resources has a 12 month low of C$14.33 and a 12 month high of C$32.83. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.62 and a quick ratio of 0.68. The stock has a fifty day moving average price of C$21.18 and a 200 day moving average price of C$19.95. The company has a market cap of C$3.15 billion, a P/E ratio of 2.18, a PEG 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.