Paramount Resources (TSE:POU) Given a C$20.00 Price Target by Raymond James Analysts

Paramount Resources (TSE:POU) received a C$20.00 price objective from analysts at Raymond James in a report issued on Tuesday,BayStreet.CA reports. The firm presently has a “market perform” rating on the stock. Raymond James’ price target points to a potential upside of 21.58% from the stock’s current price.

Several other research firms have also commented on POU. Royal Bank of Canada cut their price target on Paramount Resources from C$34.00 to C$19.00 in a research report on Tuesday, February 18th. BMO Capital Markets dropped their price objective on Paramount Resources from C$40.00 to C$25.00 in a research note on Wednesday, February 19th. CIBC dropped their price objective on shares of Paramount Resources from C$39.50 to C$24.50 in a research note on Wednesday, February 19th. Scotiabank cut their price target on Paramount Resources from C$46.00 to C$31.00 in a report on Wednesday, February 19th. Finally, National Bank Financial lowered Paramount Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$27.19.

Paramount Resources Stock Up 8.7 %

Shares of TSE POU opened at C$16.45 on Tuesday. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.62 and a quick ratio of 0.68. Paramount Resources has a 1 year low of C$14.33 and a 1 year high of C$33.06. The business has a 50-day moving average of C$20.13 and a two-hundred day moving average of C$25.99. The company has a market capitalization of C$2.45 billion, a price-to-earnings ratio of 6.74, a price-to-earnings-growth ratio of 0.14 and a beta of 3.04.

Insider Activity

In other Paramount Resources news, Senior Officer Rodrigo Sousa bought 5,600 shares of the stock in a transaction on Friday, March 7th. The shares were bought at an average price of C$15.78 per share, with a total value of C$88,365.76. Also, Director Dirk Jungé acquired 3,000 shares of Paramount Resources stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average cost of C$15.63 per share, with a total value of C$46,876.32. Over the last quarter, insiders bought 8,848 shares of company stock valued at $143,148. 45.36% of the stock is currently owned by company insiders.

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.