Paramount Resources (TSE:POU) PT Raised to C$40.00

Paramount Resources (TSE:POU) had its target price raised by research analysts at Raymond James from C$37.00 to C$40.00 in a research note issued to investors on Friday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ target price points to a potential upside of 20.26% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. National Bankshares upgraded Paramount Resources from a “sector perform” rating to an “outperform” rating and set a C$40.00 price target on the stock in a research report on Thursday, August 3rd. Royal Bank of Canada increased their price target on Paramount Resources from C$35.00 to C$37.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 3rd. Finally, CIBC increased their price target on Paramount Resources from C$37.50 to C$40.00 in a research report on Friday, July 14th.

Paramount Resources Trading Up 0.8 %

POU opened at C$33.26 on Friday. The firm has a market cap of C$4.76 billion, a price-to-earnings ratio of 6.52, a PEG ratio of 0.14 and a beta of 3.55. The company has a current ratio of 0.88, a quick ratio of 0.68 and a debt-to-equity ratio of 0.61. Paramount Resources has a 12 month low of C$22.16 and a 12 month high of C$33.63. The stock has a fifty day moving average price of C$30.82 and a 200-day moving average price of C$30.35.

Paramount Resources (TSE:POU) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported C$0.50 earnings per share for the quarter, beating the consensus estimate of C$0.36 by C$0.14. The business had revenue of C$374.40 million for the quarter. Paramount Resources had a return on equity of 24.13% and a net margin of 35.18%. As a group, equities research analysts anticipate that Paramount Resources will post 3.9570025 earnings per share for the current fiscal year.

Insider Activity at Paramount Resources

In related news, Senior Officer E. Mitchell Shier sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of C$32.19, for a total value of C$321,910.00. 45.88% of the stock is currently owned by insiders.

About Paramount Resources

Paramount Resources Ltd. explores for and develops conventional and unconventional petroleum and natural gas in Canada. The company holds interests in the Karr and Wapiti Montney properties covering an area of 185,000 net acres located south of the city of Grande Prairie, Alberta; Kaybob North Duvernay development, the Kaybob North Montney oil development and other low-decline, legacy shale gas, and conventional natural gas producing properties covering an area of 745,000 net acres located in west-central Alberta; and Willesden Green Duvernay development in central Alberta and shale gas producing properties in the Horn River Basin in northeast British Columbia covering an area of 811,000 net acres.