Paramount Resources (TSE:POU) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Paramount Resources (TSE:POU) had its price objective hoisted by equities researchers at Raymond James Financial from C$29.00 to C$31.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial’s price objective suggests a potential upside of 5.33% from the stock’s current price.

POU has been the subject of a number of other research reports. Royal Bank Of Canada upped their price objective on shares of Paramount Resources from C$26.00 to C$30.00 and gave the company a “sector perform” rating in a report on Wednesday. Scotiabank boosted their target price on shares of Paramount Resources from C$29.00 to C$31.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Roth Mkm set a C$33.00 price target on shares of Paramount Resources and gave the stock a “buy” rating in a report on Wednesday. Jefferies Financial Group decreased their price objective on Paramount Resources from C$29.00 to C$28.00 in a report on Tuesday, January 20th. Finally, Canadian Imperial Bank of Commerce raised their target price on Paramount Resources from C$25.50 to C$30.50 in a research note on Wednesday. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$31.22.

Paramount Resources Trading Down 1.1%

Shares of Paramount Resources stock opened at C$29.43 on Wednesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.77 and a quick ratio of 0.68. The stock’s 50 day simple moving average is C$25.07 and its 200-day simple moving average is C$23.48. The stock has a market cap 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 1-year low of C$14.50 and a 1-year high of C$30.07.

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

Key Headlines 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

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”.