Paramount Resources (TSE:POU) PT Set at C$33.00 by Roth Mkm

Paramount Resources (TSE:POU) received a C$33.00 price target from stock analysts at Roth Mkm in a report released on Wednesday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the stock. Roth Mkm’s price objective points to a potential upside of 12.13% from the stock’s previous close.

A number of other equities analysts also recently commented on the stock. Raymond James Financial upgraded shares of Paramount Resources from a “hold” rating to a “moderate buy” rating in a research note on Thursday, January 15th. Jefferies Financial Group lowered their price target on Paramount Resources from C$29.00 to C$28.00 in a report on Tuesday, January 20th. Finally, 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 research note on Wednesday, January 21st. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$31.22.

Paramount Resources Price Performance

POU stock opened at C$29.43 on Wednesday. The stock has a market cap of C$4.23 billion, a PE 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 50-day moving average price of C$25.07 and a 200 day moving average price of C$23.48. 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 released its earnings results on Tuesday, March 3rd. The company reported C($0.03) EPS 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 research analysts anticipate that Paramount Resources will post 1.4075758 earnings per share for the current year.

Key Paramount Resources News

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”.