Paramount Resources (TSE:POU) Price Target Raised to C$27.00

Paramount Resources (TSE:POU) had its price target boosted by research analysts at Raymond James Financial from C$25.00 to C$27.00 in a report released on Tuesday,BayStreet.CA reports. Raymond James Financial’s price target indicates a potential upside of 5.55% from the company’s previous close.

Several other brokerages have also commented on POU. CIBC increased their price target on shares of Paramount Resources from C$25.00 to C$26.00 in a research note on Wednesday, October 15th. National Bankshares increased their target price on shares of Paramount Resources from C$25.00 to C$27.50 and gave the company a “sector perform” rating in a research report on Thursday, September 25th. Royal Bank Of Canada lifted their price target on shares of Paramount Resources from C$23.00 to C$26.00 and gave the stock a “sector perform” rating in a research note on Tuesday, September 23rd. Finally, Jefferies Financial Group upped their price objective on shares of Paramount Resources from C$25.00 to C$28.00 in a research note on Tuesday, October 21st. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of C$27.21.

Paramount Resources Stock Down 3.8%

TSE:POU traded down C$1.02 during trading hours on Tuesday, hitting C$25.58. The company’s stock had a trading volume of 202,379 shares, compared to its average volume of 540,607. Paramount Resources has a 52-week low of C$14.33 and a 52-week high of C$32.83. The company has a current ratio of 0.62, a quick ratio of 0.68 and a debt-to-equity ratio of 2.06. The stock has a market capitalization of C$3.67 billion, a P/E ratio of 2.72, a price-to-earnings-growth ratio of 0.14 and a beta of 0.36. The stock has a fifty day moving average of C$23.38 and a 200-day moving average of C$21.78.

Paramount Resources (TSE:POU) last released its quarterly earnings data on Tuesday, November 4th. The company reported C($0.02) earnings per share (EPS) for the quarter. Paramount Resources had a return on equity of 10.06% and a net margin of 18.92%.The business had revenue of C$187.30 million for the quarter. On average, equities analysts forecast that Paramount Resources will post 1.4075758 earnings per share for the current year.

Paramount Resources Company Profile

Paramount Resources Ltd is a Canadian energy company that explores, develops, produces, and markets natural gas, crude oil, and natural gas liquids. The company takes part in exploration and production in Alberta and British Columbia. Sales for Paramount’s products are priced in a multitude of markets that span the United States and Canada.