Paramount Resources (TSE:POU) PT Set at C$33.00 by Roth Mkm

Paramount Resources (TSE:POU) received a C$33.00 price objective from equities researchers at Roth Mkm in a report issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Roth Mkm’s price target indicates a potential upside of 12.24% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Raymond James Financial upgraded Paramount Resources from a “hold” rating to a “moderate buy” rating in a research report on Thursday, January 15th. Scotiabank raised their price objective on shares of Paramount Resources from C$29.00 to C$31.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. Finally, Jefferies Financial Group dropped their target price on shares of Paramount Resources from C$29.00 to C$28.00 in a research report on Tuesday, January 20th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Paramount Resources has an average rating of “Moderate Buy” and an average price target of C$31.22.

Paramount Resources Trading Down 0.1%

POU traded down C$0.02 during midday trading on Wednesday, reaching C$29.40. 370,691 shares of the company were exchanged, compared to its average volume of 282,115. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.68 and a current ratio of 3.35. Paramount Resources has a one year low of C$14.50 and a one year high of C$30.07. The stock’s 50-day simple moving average is C$24.86 and its 200 day simple moving average is C$23.40. The stock has a market capitalization of C$4.22 billion, a P/E ratio of 3.13, a PEG ratio of 0.14 and a beta of 0.19.

Paramount Resources (TSE:POU) last issued its quarterly earnings data on Tuesday, March 3rd. The company reported C($0.03) earnings per share (EPS) for the quarter. The company had revenue of C$262.50 million for the quarter. Paramount Resources had a return on equity of 47.09% and a net margin of 106.31%. As a group, analysts forecast that Paramount Resources will post 1.4075758 earnings per share for the current fiscal year.

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”.