Paramount Resources (TSE:POU) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Paramount Resources (TSE:POU) had its price target lifted by stock analysts at Jefferies Financial Group from C$25.00 to C$28.00 in a report issued on Tuesday,BayStreet.CA reports. Jefferies Financial Group’s price target would indicate a potential upside of 25.17% from the company’s current price.

A number of other research firms also recently issued reports on POU. CIBC increased their price objective on Paramount Resources from C$25.00 to C$26.00 in a report on Wednesday, October 15th. Royal Bank Of Canada lifted 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. Finally, National Bankshares upped 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 report on Thursday, September 25th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$26.21.

Paramount Resources Stock Up 1.8%

POU stock opened at C$22.37 on Tuesday. Paramount Resources has a fifty-two week low of C$14.33 and a fifty-two week high of C$32.83. The company has a market capitalization of C$3.21 billion, a price-to-earnings ratio of 2.23, a price-to-earnings-growth ratio of 0.14 and a beta of 0.49. The business’s 50 day moving average price is C$21.32 and its two-hundred day moving average price is C$20.07. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.68 and a current ratio of 0.62.

About Paramount Resources

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.