Paramount Resources (TSE:POU) PT Raised to C$36.00

Paramount Resources (TSE:POU) had its target price hoisted by research analysts at Royal Bank of Canada from C$34.00 to C$36.00 in a report released on Friday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 12.32% from the stock’s previous close.

A number of other research firms also recently weighed in on POU. National Bankshares lifted their price target on Paramount Resources from C$37.50 to C$40.00 and gave the company an “outperform” rating in a research note on Friday, April 19th. Raymond James decreased their target price on Paramount Resources from C$40.00 to C$36.00 and set an “outperform” rating for the company in a research report on Friday, January 19th. Jefferies Financial Group reduced their price target on Paramount Resources from C$33.00 to C$31.00 in a report on Thursday, March 7th. BMO Capital Markets increased their price target on Paramount Resources from C$37.00 to C$38.50 and gave the company an “outperform” rating in a report on Friday. Finally, Stifel Nicolaus increased their price target on Paramount Resources from C$36.00 to C$37.00 and gave the company a “buy” rating in a report on Friday. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Paramount Resources has an average rating of “Moderate Buy” and a consensus price target of C$35.80.

Paramount Resources Stock Up 0.2 %

Paramount Resources stock opened at C$32.05 on Friday. Paramount Resources has a twelve month low of C$24.59 and a twelve month high of C$33.80. The stock has a 50 day moving average of C$28.80 and a two-hundred day moving average of C$27.93. The company has a current ratio of 0.71, a quick ratio of 0.68 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of C$4.63 billion, a price-to-earnings ratio of 10.11, a PEG ratio of 0.14 and a beta of 3.23.

Paramount Resources (TSE:POU) last posted its quarterly earnings data on Wednesday, March 6th. The company reported C$0.75 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.95 by C($0.20). Paramount Resources had a return on equity of 13.67% and a net margin of 26.13%. The company had revenue of C$470.50 million for the quarter, compared to analyst estimates of C$436.00 million. As a group, research analysts expect that Paramount Resources will post 2.3708207 earnings per share for the current year.

Insider Transactions at Paramount Resources

In other news, Senior Officer Bernard K. Lee sold 20,000 shares of the stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of C$30.50, for a total transaction of C$610,000.00. In other news, Senior Officer Michael S. Han sold 30,040 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of C$28.00, for a total transaction of C$841,120.00. Also, Senior Officer Bernard K. Lee sold 20,000 shares of the stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of C$30.50, for a total value of C$610,000.00. In the last ninety days, insiders have sold 69,655 shares of company stock worth $2,021,257. 45.75% of the stock is currently owned by company 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.