Paramount Resources Maintained at Outperform at National Bank After $3.3 Bln Land Sale; Price Target Kept at $40

MT Newswires Live2024-11-15

National Bank Financial on Thursday maintained its outperform rating on the shares of Paramount Resources (POU.TO) and its $40.00 price target after the company sold producing properties in the Montney shale field in Western Canada to Ovintiv (OVV.TO. OVV) for $3.3 billion.

"True to form, and very much on-brand, the company has crystallized meaningful value and upside through the disposition of its mature assets, to refocus on high-impact growth in earlier-stage assets (very much its DNA). We implicitly trust this team to repeat its historical value strategy, continuing to compound value over the long term through organic growth; POU trades at 3.9x 2025e EV/DACF (vs. peers 4.2x), while the narrative on the reset (through special dividends and reinvestment rate) should dictate the ultimate value opportunity over the long term," analyst Dan Payne wrote.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Price: 31.99, Change: +4.71, Percent Change: +17.27

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2483380357?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-15 02:08","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2483380357","market":"us","top_or_hot":-1,"title":"Paramount Resources Maintained at Outperform at National Bank After $3.3 Bln Land Sale; Price Target Kept at $40","media":"MT Newswires Live","content":"<html><body><p> National Bank Financial on Thursday maintained its outperform rating on the shares of Paramount Resources (POU.TO) and its $40.00 price target after the company sold producing properties in the Montney shale field in Western Canada to Ovintiv (OVV.TO. OVV) for $3.3 billion.</p><p>\"True to form, and very much on-brand, the company has crystallized meaningful value and upside through the disposition of its mature assets, to refocus on high-impact growth in earlier-stage assets (very much its DNA). We implicitly trust this team to repeat its historical value strategy, continuing to compound value over the long term through organic growth; POU trades at 3.9x 2025e EV/DACF (vs. peers 4.2x), while the narrative on the reset (through special dividends and reinvestment rate) should dictate the ultimate value opportunity over the long term,\" analyst Dan Payne wrote.</p><p>(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)</p><p>Price: 31.99, Change: +4.71, Percent Change: +17.27</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Paramount Resources Maintained at Outperform at National Bank After $3.3 Bln Land Sale; Price Target Kept at $40</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nParamount Resources Maintained at Outperform at National Bank After $3.3 Bln Land Sale; Price Target Kept at $40\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-15 02:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>National Bank Financial on Thursday maintained its outperform rating on the shares of Paramount Resources (POU.TO) and its $40.00 price target after the company sold producing properties in the ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NBHC","symbol_name":"National Bank Holdings Corp","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2483380357","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483380357","pubTimestamp":1731607718,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"National Bank Financial on Thursday maintained its outperform rating on the shares of Paramount Resources (POU.TO) and its $40.00 price target after the company sold producing properties in the Montne","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"NBHC":"National Bank Holdings Corp","PGRE":"Paramount Group"},"translate_title":"派拉蒙资源公司(Paramount Resources)在出售33亿美元土地后，维持国家银行(National Bank)的跑赢大盘评级；目标价维持在40美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NBHC":1,"PGRE":1},"content_text":"National Bank Financial on Thursday maintained its outperform rating on the shares of Paramount Resources (POU.TO) and its $40.00 price target after the company sold producing properties in the Montney shale field in Western Canada to Ovintiv (OVV.TO. OVV) for $3.3 billion.\"True to form, and very much on-brand, the company has crystallized meaningful value and upside through the disposition of its mature assets, to refocus on high-impact growth in earlier-stage assets (very much its DNA). We implicitly trust this team to repeat its historical value strategy, continuing to compound value over the long term through organic growth; POU trades at 3.9x 2025e EV/DACF (vs. peers 4.2x), while the narrative on the reset (through special dividends and reinvestment rate) should dictate the ultimate value opportunity over the long term,\" analyst Dan Payne wrote.(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)Price: 31.99, Change: +4.71, Percent Change: +17.27","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.2","shortVersion":"4.30.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483380357"}