Raymond James Financial Issues Positive Forecast for Paramount Resources (TSE:POU) Stock Price

Paramount Resources (TSE:POU) had its price objective hoisted by equities researchers at Raymond James Financial from C$34.00 to C$36.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James Financial’s price target points to a potential upside of 17.76% from the company’s current price.

POU has been the topic of several other research reports. Scotiabank upped their price objective on Paramount Resources from C$29.00 to C$31.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Royal Bank Of Canada raised their target price on Paramount Resources from C$32.00 to C$35.00 and gave the company a “sector perform” rating in a report on Wednesday. ATB Cormark Capital Markets increased their price target on Paramount Resources from C$28.00 to C$33.00 and gave the company an “outperform” rating in a research note on Wednesday, March 4th. National Bank Financial raised their target price on Paramount Resources from C$36.00 to C$38.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Finally, Roth Mkm set a C$33.00 price objective on Paramount Resources and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$32.94.

Paramount Resources Trading Down 1.0%

TSE:POU traded down C$0.32 on Wednesday, reaching C$30.57. The company’s stock had a trading volume of 187,104 shares, compared to its average volume of 299,789. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.68 and a current ratio of 3.77. The firm has a market cap of C$4.43 billion, a PE ratio of 3.48, a PEG ratio of 0.14 and a beta of -0.03. The business’s 50-day moving average price is C$28.97 and its two-hundred day moving average price is C$25.97. Paramount Resources has a 1-year low of C$18.10 and a 1-year high of C$31.42.

Paramount Resources (TSE:POU) last posted its quarterly earnings data on Tuesday, May 12th. The company reported C$0.36 earnings per share for the quarter. The company had revenue of C$276.20 million during the quarter. Paramount Resources had a return on equity of 48.07% and a net margin of 129.11%. Equities research analysts anticipate that Paramount Resources will post 1.4075758 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider John B. Williams sold 6,800 shares of the business’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of C$30.45, for a total value of C$207,060.00. Following the completion of the sale, the insider directly owned 171,285 shares of the company’s stock, valued at C$5,215,628.25. The trade was a 3.82% decrease in their position. Over the last three months, insiders sold 18,000 shares of company stock valued at $546,140. Insiders own 45.36% of the company’s stock.

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”.