Paramount Resources (POU) Price Target Lowered to C$21.50 at Raymond James

Paramount Resources (TSE:POU) had its target price trimmed by Raymond James from C$24.50 to C$21.50 in a research note released on Friday. The firm currently has an outperform rating on the stock.

A number of other equities analysts have also recently weighed in on the company. CIBC upped their price target on Paramount Resources from C$17.50 to C$19.00 in a report on Monday, October 15th. BMO Capital Markets decreased their price target on Paramount Resources from C$20.00 to C$18.00 in a report on Tuesday, October 9th. TD Securities decreased their price target on Paramount Resources from C$18.00 to C$16.00 in a report on Thursday, August 9th. National Bank Financial decreased their price target on Paramount Resources from C$24.50 to C$21.50 and set an outperform rating for the company in a report on Thursday, August 9th. Finally, Royal Bank of Canada decreased their price target on Paramount Resources from C$20.00 to C$18.00 and set a sector perform rating for the company in a report on Thursday, August 9th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of C$21.52.

TSE POU traded down C$1.24 on Friday, reaching C$8.39. The company had a trading volume of 1,471,800 shares, compared to its average volume of 414,573. Paramount Resources has a 1 year low of C$8.08 and a 1 year 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 released its quarterly earnings results on Wednesday, August 8th. The company reported C($1.01) earnings per share for the quarter, missing the Zacks’ consensus estimate of C($0.86) by C($0.15). The business had revenue of C$217.34 million during the quarter, compared to analysts’ expectations of C$228.90 million. As a group, sell-side analysts forecast that Paramount Resources will post -1.64999989719627 EPS for the current fiscal year.

In other news, Director Dirk Jungé sold 3,000 shares of the stock in a transaction that occurred on Friday, October 19th. The stock was sold at an average price of C$11.98, for a total transaction of C$35,940.00. Also, insider Clayton H. Riddell bought 200,000 shares of Paramount Resources stock in a transaction dated Monday, August 13th. The shares were acquired at an average price of C$13.08 per share, with a total value of C$2,616,000.00.

Paramount Resources Company Profile

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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Analyst Recommendations for Paramount Resources (TSE:POU)

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