National Bank Financial Boosts Paramount Resources (TSE:POU) Price Target to C$32.50

Paramount Resources (TSE:POU) had its price target hoisted by investment analysts at National Bank Financial from C$32.00 to C$32.50 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price target suggests a potential upside of 10.43% from the company’s previous close.

POU has been the topic of a number of other reports. Raymond James Financial upgraded shares of Paramount Resources from a “hold” rating to a “moderate buy” rating in a report on Thursday, January 15th. Jefferies Financial Group decreased their target price on Paramount Resources from C$29.00 to C$28.00 in a research report on Tuesday, January 20th. Roth Mkm set a C$33.00 price target on Paramount Resources and gave the company a “buy” rating in a report on Wednesday. Scotiabank lifted their price objective on Paramount Resources from C$29.00 to C$31.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Finally, Canadian Imperial Bank of Commerce increased their target price on Paramount Resources from C$25.50 to C$30.50 in a research report on Wednesday. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$31.22.

Paramount Resources Stock Performance

TSE:POU opened at C$29.43 on Wednesday. The stock has a 50-day moving average price of C$25.07 and a 200 day moving average price of C$23.48. The stock has a market capitalization of C$4.23 billion, a P/E ratio of 3.13, a P/E/G ratio of 0.14 and a beta of 0.19. Paramount Resources has a 12-month low of C$14.50 and a 12-month high of C$30.07. The company has a current ratio of 3.77, a quick ratio of 0.68 and a debt-to-equity ratio of 0.94.

Paramount Resources (TSE:POU) last posted its quarterly earnings results on Tuesday, March 3rd. The company reported C($0.03) earnings per share for the quarter. The business had revenue of C$262.50 million during the quarter. Paramount Resources had a return on equity of 48.07% and a net margin of 129.11%. Equities research analysts forecast that Paramount Resources will post 1.4075758 EPS for the current fiscal year.

Trending Headlines about Paramount Resources

Here are the key news stories impacting Paramount Resources this week:

• Positive Sentiment: Analyst-driven momentum lifted the stock to a new 52-week high after at least one notable upgrade that cited stronger fundamentals and outlook. This upgrade appears to have been a catalyst for the recent rally. Article Title
• Positive Sentiment: Multiple firms raised price targets and ratings this week (Roth Mkm to C$33 buy; ATB Cormark to C$33 outperform; BMO to C$32 outperform; Raymond James to C$31 outperform; CIBC to C$30.50; National Bank to C$32.50; RBC to C$30.00). The cluster of upgrades and higher targets increases analyst-conviction signals and likely supported the recent high price levels. Article Title
• Neutral Sentiment: Quarterly results were mixed: reported EPS of C($0.03) on C$262.5M revenue, with unusually high reported net margin (106.31%) and a 47.09% ROE — numbers that suggest one‑offs or non‑cash items affected profitability metrics. Investors will watch management commentary and adjusted metrics to judge earnings quality. Press Release

About Paramount Resources

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”.