Paramount Resources (TSE:POU) had its target price decreased by Raymond James from C$24.50 to C$21.50 in a research note published on Friday. Raymond James currently has an outperform rating on the stock.
POU has been the topic of several other reports. TD Securities dropped their target price on Paramount Resources from C$14.00 to C$12.00 and set a hold rating on the stock in a research report on Friday. BMO Capital Markets dropped their target price on Paramount Resources from C$18.00 to C$11.00 in a research report on Friday. National Bank Financial dropped their target price on Paramount Resources from C$21.50 to C$20.00 and set an outperform rating on the stock in a research report on Friday. CIBC increased their target price on Paramount Resources from C$17.50 to C$19.00 in a research report on Monday, October 15th. Finally, Royal Bank of Canada dropped their target price on Paramount Resources from C$20.00 to C$18.00 and set a sector perform rating on the stock in a research report on Thursday, August 9th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of C$21.52.
POU traded down C$1.24 during trading hours on Friday, hitting C$8.39. 1,471,800 shares of the stock were exchanged, compared to its average volume of 414,573. Paramount Resources has a 12 month low of C$8.08 and a 12 month high of C$24.99. The company has a debt-to-equity ratio of 34.24, a quick ratio of 0.36 and a current ratio of 1.18.
Paramount Resources (TSE:POU) last announced its quarterly earnings data on Wednesday, August 8th. The company reported C($1.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.86) by C($0.15). The company had revenue of C$217.34 million during the quarter, compared to analysts’ expectations of C$228.90 million. As a group, research analysts anticipate that Paramount Resources will post -1.64999989719627 EPS for the current year.
In other Paramount Resources news, insider Clayton H. Riddell purchased 200,000 shares of the stock in a transaction dated Monday, August 13th. The shares were bought at an average cost of C$13.08 per share, with a total value of C$2,616,000.00. Also, Director Dirk Jungé sold 3,000 shares of the firm’s stock in a transaction on Friday, October 19th. The shares were sold at an average price of C$11.98, for a total value of C$35,940.00.
About Paramount Resources
Paramount Resources Ltd., an independent energy company, explores for, develops, produces, and markets natural gas, crude oil, and natural gas liquids in Canada. Its principal properties are located in Alberta and British Columbia. The company also invests in public and private corporations. Paramount Resources Ltd.
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