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 issued on Thursday,Zacks.com reports.

A number of other equities research analysts also recently issued reports on POU. Jefferies Financial Group increased their price objective on shares of Paramount Resources from C$25.00 to C$28.00 in a research note on Tuesday, October 21st. Royal Bank Of Canada upped their price target on shares of Paramount Resources from C$23.00 to C$26.00 and gave the stock a “sector perform” rating in a report on Tuesday, September 23rd. CIBC increased their price target on shares of Paramount Resources from C$25.00 to C$26.00 in a research report on Wednesday, October 15th. Finally, National Bankshares boosted their price objective on shares of 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$27.21.

Paramount Resources Price Performance

Paramount Resources stock opened at C$23.85 on Thursday. The firm has a market cap of C$3.42 billion, a PE ratio of 2.54, a price-to-earnings-growth ratio of 0.14 and a beta of 0.29. 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 stock’s fifty day moving average price is C$24.07 and its two-hundred day moving average price is C$22.38. Paramount Resources has a one year low of C$14.33 and a one year high of C$32.83.

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

Paramount Resources Company Profile

Paramount is an independent, publicly traded Canadian energy company that explores for and develops both conventional and unconventional petroleum and natural gas, including longer-term strategic exploration and pre-development plays. The Company’s principal properties are located in Alberta and British Columbia. Paramount’s class A common shares are listed on the Toronto Stock Exchange under the symbol “POU”.