ATB Cormark Capital Markets Raises Paramount Resources (TSE:POU) Price Target to C$33.00

Paramount Resources (TSE:POU) had its price objective raised by equities researchers at ATB Cormark Capital Markets from C$28.00 to C$33.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price objective suggests a potential upside of 12.13% from the company’s previous close.

Other research analysts also recently issued reports about the stock. Jefferies Financial Group lowered their price objective on shares of Paramount Resources from C$29.00 to C$28.00 in a research report on Tuesday, January 20th. Scotiabank increased their price objective on Paramount Resources from C$29.00 to C$31.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Raymond James Financial upgraded Paramount Resources from a “hold” rating to a “moderate buy” rating in a research note on Thursday, January 15th. National Bank Financial upped their target price on Paramount Resources from C$32.00 to C$32.50 and gave the stock a “sector perform” rating in a research report on Wednesday. Finally, Royal Bank Of Canada lifted their price target on Paramount Resources from C$26.00 to C$30.00 and gave the company a “sector perform” rating in a report on Wednesday. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Paramount Resources currently has an average rating of “Moderate Buy” and a consensus target price of C$31.22.

Paramount Resources Price Performance

Shares of TSE:POU opened at C$29.43 on Wednesday. The company has a market cap of C$4.23 billion, a P/E ratio of 3.13, a price-to-earnings-growth ratio of 0.14 and a beta of 0.19. The company’s fifty day moving average is C$25.07 and its two-hundred day moving average is C$23.48. The company has a quick ratio of 0.68, a current ratio of 3.77 and a debt-to-equity ratio of 0.94. Paramount Resources has a 12-month low of C$14.50 and a 12-month high of C$30.07.

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. Paramount Resources had a net margin of 129.11% and a return on equity of 48.07%. The business had revenue of C$262.50 million for the quarter. Equities analysts expect that Paramount Resources will post 1.4075758 earnings per share for the current fiscal year.

Key Stories Impacting 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”.