Paramount Resources (TSE:POU) Given New C$27.00 Price Target at Raymond James Financial

Paramount Resources (TSE:POU) had its price target increased by Raymond James Financial from C$25.00 to C$27.00 in a report issued on Tuesday morning,BayStreet.CA reports.

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

Paramount Resources Price Performance

TSE POU opened at C$25.46 on Tuesday. Paramount Resources has a 12 month low of C$14.33 and a 12 month high of C$32.83. The firm has a market capitalization of C$3.66 billion, a PE ratio of 2.71, a P/E/G ratio of 0.14 and a beta of 0.36. The company’s 50 day simple moving average is C$23.44 and its 200 day simple moving average is C$21.82. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.62 and a quick ratio of 0.68.

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

Paramount Resources Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. Paramount Resources’s dividend payout ratio is 9.58%.

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.