Jefferies Financial Group Lowers Paramount Resources (TSE:POU) Price Target to C$28.00

Paramount Resources (TSE:POU) had its price target dropped by research analysts at Jefferies Financial Group from C$29.00 to C$28.00 in a research report issued on Tuesday,BayStreet.CA reports. Jefferies Financial Group’s price target would suggest a potential upside of 16.33% from the stock’s previous close.

A number of other brokerages have also issued reports on POU. CIBC raised their price objective on shares of Paramount Resources from C$25.00 to C$26.00 in a report on Wednesday, October 15th. Royal Bank Of Canada upped their price target on shares of Paramount Resources from C$23.00 to C$26.00 and gave the company a “sector perform” rating in a research report on Tuesday, September 23rd. Raymond James Financial upgraded shares of Paramount Resources from a “hold” rating to a “moderate buy” rating in a report on Thursday, January 15th. Finally, National Bankshares boosted their price objective on shares of Paramount Resources from C$25.00 to C$27.50 and gave the stock a “sector perform” rating in a research note on Thursday, September 25th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$27.21.

Paramount Resources Stock Up 0.1%

Shares of POU opened at C$24.07 on Tuesday. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.68 and a current ratio of 0.62. Paramount Resources has a 52 week low of C$14.33 and a 52 week high of C$32.83. The stock has a market capitalization of C$3.46 billion, a price-to-earnings ratio of 2.56, a PEG ratio of 0.14 and a beta of 0.29. The stock has a fifty day moving average of C$24.10 and a 200-day moving average of C$22.44.

Paramount Resources (TSE:POU) last issued its earnings results on Tuesday, November 4th. The company reported C($0.02) earnings per share (EPS) for the quarter. The firm had revenue of C$187.30 million during the quarter. Paramount Resources had a return on equity of 10.06% and a net margin of 18.92%. As a group, sell-side analysts anticipate that Paramount Resources will post 1.4075758 earnings per share for the current fiscal year.

About Paramount Resources

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”.