Paramount Resources (TSE:POU) Given New C$26.00 Price Target at National Bank Financial

Paramount Resources (TSE:POU) had its target price lowered by National Bank Financial from C$28.00 to C$26.00 in a report released on Tuesday, January 9th. National Bank Financial currently has an outperform rating on the stock.

Several other research firms have also recently weighed in on POU. TD Securities increased their price objective on Paramount Resources from C$23.00 to C$27.00 and gave the stock a hold rating in a research report on Friday, November 10th. Scotiabank raised their price target on Paramount Resources from C$26.00 to C$28.00 and gave the stock a sector perform rating in a research report on Friday, November 10th. Royal Bank of Canada raised their price target on Paramount Resources from C$22.00 to C$27.00 and gave the stock a sector perform rating in a research report on Friday, November 10th. Raymond James Financial raised their price target on Paramount Resources from C$32.50 to C$36.00 and gave the stock a strong-buy rating in a research report on Friday, November 10th. Finally, Barclays raised their price target on Paramount Resources from C$22.00 to C$26.00 in a research report on Monday, November 13th. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Paramount Resources has an average rating of Buy and an average target price of C$28.04.

Paramount Resources (TSE:POU) traded down C$0.20 during mid-day trading on Tuesday, reaching C$17.72. The company’s stock had a trading volume of 259,773 shares, compared to its average volume of 391,424. The company has a market cap of $2,420.00, a PE ratio of 3.87 and a beta of 2.18. Paramount Resources has a 1 year low of C$14.60 and a 1 year high of C$25.57.

Paramount Resources (TSE:POU) last posted its quarterly earnings data on Thursday, November 9th. The company reported C$0.60 earnings per share for the quarter, topping the consensus estimate of C($0.47) by C$1.07. Paramount Resources had a return on equity of 10.79% and a net margin of 65.60%.

In other Paramount Resources news, insider Clayton H. Riddell bought 25,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were purchased at an average price of C$22.79 per share, for a total transaction of C$569,750.00. Also, insider Clayton H. Riddell bought 110,000 shares of the firm’s stock in a transaction on Wednesday, January 24th. The stock was acquired at an average price of C$19.46 per share, for a total transaction of C$2,140,600.00. In the last quarter, insiders acquired 190,100 shares of company stock worth $3,791,180.

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About Paramount Resources

Paramount Resources Ltd. is an energy company. The Company explores and develops unconventional and conventional petroleum and natural gas prospects, including long-term unconventional exploration and pre-development projects, and holds a portfolio of investments in other entities. The Company’s segments include Principal Properties, Strategic Investments and Corporate.

Analyst Recommendations for Paramount Resources (TSE:POU)

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