Jefferies Financial Group Lowers Paramount Resources (TSE:POU) Price Target to C$35.00

Paramount Resources (TSE:POU - Get Free Report) had its price target decreased by equities researchers at Jefferies Financial Group from C$37.00 to C$35.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Jefferies Financial Group's target price points to a potential upside of 19.95% from the stock's current price.

POU has been the topic of several other reports. Cormark raised shares of Paramount Resources from a "hold" rating to a "moderate buy" rating in a research report on Friday, November 15th. Cibc World Mkts upgraded Paramount Resources from a "hold" rating to a "strong-buy" rating in a report on Thursday, October 17th. Royal Bank of Canada increased their price objective on Paramount Resources from C$34.00 to C$37.00 in a report on Friday, November 15th. CIBC boosted their target price on Paramount Resources from C$38.00 to C$39.50 in a research note on Friday, November 15th. Finally, Scotiabank raised their price target on shares of Paramount Resources from C$43.00 to C$44.00 in a research note on Friday, November 15th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Paramount Resources presently has a consensus rating of "Moderate Buy" and an average price target of C$38.20.

Paramount Resources Trading Down 1.0 %

TSE:POU traded down C$0.28 on Thursday, reaching C$29.18. The company's stock had a trading volume of 687,085 shares, compared to its average volume of 317,295. Paramount Resources has a 1-year low of C$24.51 and a 1-year high of C$33.06. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.68 and a current ratio of 0.75. The firm has a market cap of C$4.28 billion, a PE ratio of 12.36, a PEG ratio of 0.14 and a beta of 3.04. The business's 50-day moving average price is C$28.85 and its two-hundred day moving average price is C$29.03.

Insider Buying and Selling

In other news, Director Kimberley Elizabeth Lynch Proctor purchased 3,000 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The stock was acquired at an average cost of C$31.36 per share, with a total value of C$94,080.00. Also, insider Brenda Gail Riddell acquired 100,000 shares of the firm's stock in a transaction on Monday, November 25th. The stock was purchased at an average cost of C$31.30 per share, for a total transaction of C$3,129,630.00. 45.36% of the stock is owned by insiders.

About Paramount Resources

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.