Paramount Resources (OTCMKTS:PRMRF) PT Raised to C$47.50

Paramount Resources (OTCMKTS:PRMRF – Get Rating) had its price target upped by Stifel Nicolaus from C$37.50 to C$47.50 in a research report report published on Thursday, The Fly reports.

A number of other research firms have also recently issued reports on PRMRF. BMO Capital Markets lifted their target price on shares of Paramount Resources from C$33.00 to C$35.00 in a research note on Thursday, March 3rd. National Bank Financial raised their price target on shares of Paramount Resources from C$35.00 to C$45.00 in a report on Thursday, April 14th. Royal Bank of Canada raised their price target on shares of Paramount Resources from C$30.00 to C$33.00 in a report on Thursday, March 3rd. Raymond James raised their price target on shares of Paramount Resources from C$30.00 to C$33.00 in a report on Thursday, March 3rd. Finally, CIBC raised their price target on shares of Paramount Resources from C$35.00 to C$36.00 in a report on Thursday, April 14th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Paramount Resources currently has a consensus rating of Buy and an average target price of $37.56.

OTCMKTS:PRMRF opened at $26.85 on Thursday. Paramount Resources has a 1 year low of $9.03 and a 1 year high of $28.16. The firm has a 50 day moving average of $23.91 and a 200-day moving average of $20.62. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $3.80 billion, a P/E ratio of 35.87 and a beta of 3.14.

Paramount Resources (OTCMKTS:PRMRF – Get Rating) last posted its earnings results on Wednesday, March 2nd. The company reported $0.71 earnings per share (EPS) for the quarter. Paramount Resources had a net margin of 17.27% and a return on equity of 5.67%. The company had revenue of $344.55 million during the quarter.

The company also recently declared a dividend, which was paid on Friday, April 29th. Stockholders of record on Thursday, April 14th were issued a $0.064 dividend. This is a positive change from Paramount Resources’s previous dividend of $0.06. The ex-dividend date of this dividend was Wednesday, April 13th. This represents a dividend yield of 3.13%. Paramount Resources’s payout ratio is 42.08%.

Paramount Resources Company Profile (Get Rating)

Paramount Resources Ltd., an independent energy company, explores for, develops, produces, and markets natural gas, crude oil, and natural gas liquids in Canada. The company's principal properties are the Montney and Duvernay developments located in Alberta and British Columbia. It also invests in public and private corporations.

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