Paramount Resources (TSE:POU) had its target price lowered by CIBC from C$11.00 to C$7.75 in a report released on Thursday, BayStreet.CA reports.

Other research analysts have also recently issued research reports about the company. GMP Securities restated a buy rating and issued a $22.25 price target on shares of SPDR Wells Fargo Preferred Stock ETF in a research report on Friday, June 28th. CSFB restated a neutral rating and issued a C$32.00 price target on shares of Vermilion Energy in a research report on Tuesday, July 16th. Royal Bank of Canada restated a buy rating and issued a $2.50 price target on shares of in a research report on Thursday. Laurentian raised their price target on Paramount Resources from C$12.50 to C$13.00 in a research report on Thursday, May 9th. Finally, Raymond James restated a buy rating and issued a $26.00 price target on shares of Propetro in a research report on Tuesday, July 2nd. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a strong buy rating to the stock. The stock has an average rating of Hold and an average price target of C$9.68.

TSE:POU opened at C$6.72 on Thursday. The business has a fifty day simple moving average of C$6.70. The stock has a market capitalization of $877.78 million and a PE ratio of -2.32. The company has a debt-to-equity ratio of 40.00, a current ratio of 0.51 and a quick ratio of 0.47. Paramount Resources has a 1 year low of C$5.75 and a 1 year high of C$15.84.

Paramount Resources (TSE:POU) last released its quarterly earnings data on Wednesday, May 8th. The company reported C($0.59) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C($4.41) by C$3.82. The business had revenue of C$246.05 million during the quarter, compared to analysts’ expectations of C$254.00 million. Sell-side analysts anticipate that Paramount Resources will post -0.85 EPS for the current fiscal year.

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 the Montney and Duvernay developments covering approximately 3.0 million net acres located in Alberta and British Columbia.

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Analyst Recommendations for Paramount Resources (TSE:POU)

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