Paramount Resources (TSE:POU) Stock Rating Upgraded by Raymond James Financial

Paramount Resources (TSE:POU) was upgraded by Raymond James Financial from a “hold” rating to a “moderate buy” rating in a report released on Thursday,Zacks.com reports.

Other analysts have also issued research reports about the stock. National Bankshares raised their target price on shares of Paramount Resources from C$25.00 to C$27.50 and gave the stock a “sector perform” rating in a research report on Thursday, September 25th. Royal Bank Of Canada lifted their price objective on Paramount Resources from C$23.00 to C$26.00 and gave the company a “sector perform” rating in a research report on Tuesday, September 23rd. Jefferies Financial Group increased their target price on Paramount Resources from C$25.00 to C$28.00 in a research report on Tuesday, October 21st. Finally, CIBC lifted their price target on Paramount Resources from C$25.00 to C$26.00 in a report on Wednesday, October 15th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$27.21.

Paramount Resources Trading Down 0.2%

Shares of POU opened at C$23.41 on Thursday. Paramount Resources has a 1-year low of C$14.33 and a 1-year high of C$32.83. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.62 and a quick ratio of 0.68. The firm has a 50 day simple moving average of C$24.06 and a 200-day simple moving average of C$22.36. The stock has a market cap of C$3.36 billion, a price-to-earnings ratio of 2.49, a price-to-earnings-growth ratio of 0.14 and a beta of 0.29.

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

About Paramount Resources

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. Depending on the product, contracts can have daily, monthly, or long-term agreements. Assets for exploration and production are acquired by way of royalties that are paid to provincial governments and freehold landowners.