Paramount Resources Cl A (POU) Gets a Hold Rating from CIBC

By Jason Carr

Yesterday, an analyst has provided a rating update for Paramount Resources Cl A (POUResearch Report). Analyst Jamie Kubik from CIBC reiterated a Hold rating, with a C$11 price target.

According to TipRanks.com, Kubik has currently no stars on a ranking scale of 0-5 stars, with an average return of -14.9% and a 28.2% success rate. Kubik covers the Basic Materials sector, focusing on stocks such as Paramount Resources Ltd, Freehold Royalties Ltd, and PrairieSky Royalty Ltd.

Paramount Resources Cl A has an analyst consensus of Hold, with a price target consensus of C$10.21, a 40.4% upside from current levels. In a report released yesterday, BMO Capital also reiterated a Hold rating on the stock with a C$9 price target.

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Paramount Resources Cl A’s market cap is currently C$1.05B and has a P/E ratio of 0. The company has a Price to Book ratio of 0.48.

Paramount Resources Ltd. engages in the exploration, development, production, processing, transportation, and marketing of natural gas, crude oil, and natural gas liquids. It operates through the following segments: Principal Properties, Strategic Investments, and Corporate.

The company’s shares closed on Friday at C$7.27, close to its 52-week low of C$5.75.