Stifel Nicolaus Increases Paramount Resources (TSE:POU) Price Target to C$36.00

Paramount Resources (TSE:POU) had its price target hoisted by analysts at Stifel Nicolaus from C$33.00 to C$36.00 in a report released on Tuesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 16.88% from the stock’s previous close.

Several other equities research analysts have also commented on POU. National Bankshares boosted their price target on shares of Paramount Resources from C$37.50 to C$40.00 and gave the company an “outperform” rating in a report on Friday, April 19th. ATB Capital reduced their price objective on shares of Paramount Resources from C$37.00 to C$36.00 and set an “outperform” rating for the company in a research note on Thursday, March 7th. Raymond James reduced their price objective on shares of Paramount Resources from C$40.00 to C$36.00 and set an “outperform” rating for the company in a research note on Friday, January 19th. BMO Capital Markets set a C$37.00 price objective on shares of Paramount Resources and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. Finally, Scotiabank reduced their price objective on shares of Paramount Resources from C$30.00 to C$29.00 and set an “outperform” rating for the company in a research note on Thursday, March 7th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$34.95.

Paramount Resources Trading Up 1.4 %

TSE:POU opened at C$30.80 on Tuesday. Paramount Resources has a one year low of C$24.59 and a one year high of C$33.80. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.68 and a current ratio of 0.71. The firm has a market cap of C$4.45 billion, a P/E ratio of 9.72, a P/E/G ratio of 0.14 and a beta of 3.31. The firm has a 50-day simple moving average of C$28.29 and a 200-day simple moving average of C$27.86.

Paramount Resources (TSE:POU) last posted its quarterly earnings results on Wednesday, March 6th. The company reported C$0.75 EPS for the quarter, missing the consensus estimate of C$0.95 by C($0.20). Paramount Resources had a net margin of 26.13% and a return on equity of 13.67%. The business had revenue of C$470.50 million during the quarter, compared to the consensus estimate of C$436.00 million. Equities analysts anticipate that Paramount Resources will post 2.5252525 EPS for the current fiscal year.

Insider Buying and Selling at Paramount Resources

In other Paramount Resources news, Senior Officer Michael S. Han sold 30,040 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of C$28.00, for a total transaction of C$841,120.00. In other news, Senior Officer Bernard K. Lee sold 20,000 shares of the company’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of C$30.50, for a total value of C$610,000.00. Also, Senior Officer Michael S. Han sold 30,040 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of C$28.00, for a total transaction of C$841,120.00. In the last quarter, insiders have sold 69,655 shares of company stock worth $2,021,257. 45.91% of the stock is owned by corporate insiders.

Paramount Resources Company Profile

Paramount Resources Ltd. explores for and develops conventional and unconventional petroleum and natural gas reserves and resources in Canada. The company holds interests in the Karr and Wapiti Montney properties covering an area of 109,000 net acres located south of the city of Grande Prairie, Alberta; Kaybob North Duvernay development and natural gas producing properties covering an area of 124,000 net acres located in west-central Alberta; and Willesden Green Duvernay development in central Alberta and shale gas producing properties in the Horn River Basin in northeast British Columbia covering an area of 249,000 net acres.