Paramount Resources (TSE:POU – Get Free Report) had its price target upped by Stifel Nicolaus from C$36.00 to C$37.00 in a research note issued to investors on Friday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 15.44% from the stock’s current price.
Several other research firms have also issued reports on POU. ATB Capital reduced their target price on shares of Paramount Resources from C$37.00 to C$36.00 and set an “outperform” rating for the company in a report on Thursday, March 7th. Cormark lowered shares of Paramount Resources from a “buy” rating to a “market perform” rating and reduced their target price for the stock from C$40.00 to C$37.50 in a report on Thursday, March 7th. Scotiabank reduced their target price on shares of Paramount Resources from C$30.00 to C$29.00 and set an “outperform” rating for the company in a report on Thursday, March 7th. Jefferies Financial Group cut their price objective on shares of Paramount Resources from C$33.00 to C$31.00 in a report on Thursday, March 7th. Finally, National Bankshares increased their price objective on shares of Paramount Resources from C$37.50 to C$40.00 and gave the company an “outperform” rating in a report on Friday, April 19th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$35.80.
Read Our Latest Stock Report on Paramount Resources
Paramount Resources Price Performance
Paramount Resources (TSE:POU – Get Free Report) last released its quarterly earnings results on Wednesday, March 6th. The company reported C$0.75 EPS for the quarter, missing the consensus estimate of C$0.95 by C($0.20). The business had revenue of C$470.50 million for the quarter, compared to analysts’ expectations of C$436.00 million. Paramount Resources had a net margin of 26.13% and a return on equity of 13.67%. Equities research analysts anticipate that Paramount Resources will post 2.3708207 earnings per share for the current year.
Insider Transactions at Paramount Resources
In other news, Senior Officer Bernard K. Lee sold 20,000 shares of Paramount Resources stock in a transaction on Friday, April 12th. The stock was sold at an average price of C$30.50, for a total transaction of C$610,000.00. In other news, Senior Officer Bernard K. Lee sold 20,000 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of C$30.50, for a total transaction of C$610,000.00. Also, Director Dirk Jungé sold 4,027 shares of the firm’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of C$28.56, for a total value of C$115,028.03. Over the last ninety days, insiders sold 69,655 shares of company stock worth $2,021,257. 45.75% 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 reserves and resources in Canada. The company holds interests in the Karr and Wapiti Montney properties covering an area of 109,000 net acres located south of the city of Grande Prairie, Alberta; Kaybob North Duvernay development and natural gas producing properties covering an area of 124,000 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 249,000 net acres.
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