Raymond James Financial Forecasts Strong Price Appreciation for Paramount Resources (TSE:POU) Stock

Paramount Resources (TSE:POU) had its price objective lifted by Raymond James Financial from C$25.00 to C$27.00 in a report released on Tuesday,BayStreet.CA reports. Raymond James Financial’s price target indicates a potential upside of 7.57% from the stock’s current price.

POU has been the subject of a number of other research reports. Royal Bank Of Canada increased their target price on Paramount Resources from C$23.00 to C$26.00 and gave the stock a “sector perform” rating in a report on Tuesday, September 23rd. National Bankshares upped their price objective on Paramount Resources from C$25.00 to C$27.50 and gave the stock a “sector perform” rating in a research report on Thursday, September 25th. CIBC lifted their target price on Paramount Resources from C$25.00 to C$26.00 in a research report on Wednesday, October 15th. Finally, Jefferies Financial Group boosted their target price on Paramount Resources from C$25.00 to C$28.00 in a research note on Tuesday, October 21st. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Paramount Resources currently has an average rating of “Hold” and an average target price of C$27.21.

Paramount Resources Stock Performance

Shares of Paramount Resources stock opened at C$25.10 on Tuesday. Paramount Resources has a 12 month low of C$14.33 and a 12 month high of C$32.83. The stock’s fifty day simple moving average is C$23.49 and its 200 day simple moving average is C$21.84. The company has a market capitalization of C$3.60 billion, a PE ratio of 2.67, a PEG ratio of 0.14 and a beta of 0.36. The company has a current ratio of 0.62, a quick ratio of 0.68 and a debt-to-equity ratio of 2.06.

Paramount Resources (TSE:POU) last posted its earnings results on Tuesday, November 4th. The company reported C($0.02) earnings per share (EPS) for the quarter. The business had revenue of C$187.30 million for the quarter. Paramount Resources had a return on equity of 10.06% and a net margin of 18.92%. On average, research analysts predict that Paramount Resources will post 1.4075758 EPS for the current year.

Paramount Resources Company Profile

Paramount Resources Ltd is a Canadian energy company that explores, develops, produces, and markets natural gas, crude oil, and natural gas liquids. The company takes part in exploration and production in Alberta and British Columbia. Sales for Paramount’s products are priced in a multitude of markets that span the United States and Canada.