Paramount Resources Ltd T.POU

Analysts

[Possibleidiot01]

• Paramount Resources (TSE:POU) had its price target lowered by analysts at Jefferies Financial Group Inc. from C$33.00 to C$31.00. This represents a 11.3% upside from the current price of C$27.85.
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• Paramount Resources (TSE:POU) was downgraded by analysts at Cormark from a "buy" rating to a "market perform" rating. They now have a C$37.50 price target on the stock, down previously from C$40.00. This represents a 34.6% upside from the current price of C$27.85.
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• Paramount Resources (TSE:POU) had its price target lowered by analysts at Stifel Nicolaus from C$33.50 to C$33.00. They now have a "buy" rating on the stock. This represents a 18.5% upside from the current price of C$27.85.
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• Paramount Resources (TSE:POU) had its price target lowered by analysts at National Bankshares, Inc. from C$40.00 to C$37.50. They now have an "outperform" rating on the stock. This represents a 34.6% upside from the current price of C$27.85.
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• Paramount Resources (TSE:POU) had its price target lowered by analysts at Royal Bank of Canada from C$33.00 to C$32.00. They now have a "sector perform" rating on the stock. This represents a 14.9% upside from the current price of C$27.85.
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• Paramount Resources (TSE:POU) had its price target lowered by analysts at ATB Capital from C$37.00 to C$36.00. They now have an "outperform" rating on the stock. This represents a 29.3% upside from the current price of C$27.85.
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• Paramount Resources (TSE:POU) had its price target lowered by analysts at CIBC from C$32.50 to C$30.00. They now have a "neutral" rating on the stock. This represents a 7.7% upside from the current price of C$27.85.
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• Paramount Resources (TSE:POU) had its price target lowered by analysts at Scotiabank from C$30.00 to C$29.00. They now have an "outperform" rating on the stock. This represents a 4.1% upside from the current price of C$27.85.

[WillyGreen]

Great summary of  the revisions to price target. Given the 12.5% drop yesterday, it affirms my view that buying pou at these current levels is wise. Bear in mind, for now, 2025 guidance is intact. This is a 2025 play, but if pou can get executing again, you will see $40+ in 2025. 

[Barnbeezeeeeee]

Definitely disappointing results.  Lowered guidance by 9000 boe/pd is huge.  Pou now needs $80 bbl to pay its dividend and fund its budget for 2024.  Something has got to give. I know Pou has a fairly low share count but another thing that bothers me is that it seems there is another outstanding million shares every time I blink.  I think 2024 is going to be a wash. 

[oilisswell]

It is disappointing, especially the following: "The Company is updating its forecast of 2024 free cash flow to approximately $235 million from $350 million to reflect revised midpoint 2024 forecast sales volumes of 103,000 Boe/d (47% liquids) and updated operating cost, royalty and other assumptions." However, they do have a string volume replacement record, and the dividend is secure

[WillyGreen]

We will be fine but pou needs to get back to executing. Can't screw up next quarter.  If