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

Paramount Resources (TSE:POU) had its target price dropped by equities research analysts at Jefferies Financial Group from C$29.00 to C$28.00 in a report issued on Tuesday,BayStreet.CA reports. Jefferies Financial Group’s price target would suggest a potential upside of 17.25% from the stock’s previous close.

A number of other research firms have also issued reports on POU. Raymond James Financial upgraded shares of Paramount Resources from a “hold” rating to a “moderate buy” rating in a report on Thursday, January 15th. National Bankshares boosted 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 raised their target price on shares of Paramount Resources from C$25.00 to C$26.00 in a report on Wednesday, October 15th. Finally, Royal Bank Of Canada boosted their price target on shares of 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. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$27.21.

Paramount Resources Trading Down 1.5%

Shares of TSE POU traded down C$0.36 during trading on Tuesday, reaching C$23.88. The stock had a trading volume of 149,362 shares, compared to its average volume of 276,821. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.68 and a current ratio of 0.62. The company has a market cap of C$3.43 billion, a P/E ratio of 2.54, a PEG ratio of 0.14 and a beta of 0.29. Paramount Resources has a fifty-two week low of C$14.33 and a fifty-two week high of C$32.83. The business’s 50-day moving average price is C$24.09 and its 200-day moving average price is C$22.41.

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