GMP Securities Lowers Paramount Resources (POU) Price Target to C$22.75

Paramount Resources (TSE:POU) had its price objective reduced by equities research analysts at GMP Securities from C$26.00 to C$22.75 in a research note issued on Friday, March 9th. GMP Securities’ target price would suggest a potential upside of 57.77% from the company’s previous close.

Several other analysts also recently commented on POU. Barclays raised their price objective on Paramount Resources from C$22.00 to C$26.00 in a research note on Monday, November 13th. CSFB lifted their price target on Paramount Resources from C$23.00 to C$26.50 in a research note on Monday, November 13th. Desjardins lifted their price target on Paramount Resources from C$24.00 to C$26.50 in a research note on Monday, November 13th. Laurentian lifted their target price on Paramount Resources from C$33.00 to C$35.00 in a research report on Monday, November 13th. Finally, CIBC lowered their target price on Paramount Resources from C$26.00 to C$23.00 in a research report on Tuesday, January 23rd. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Paramount Resources presently has a consensus rating of “Buy” and a consensus target price of C$27.10.

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TSE POU traded down C$0.41 during trading hours on Friday, reaching C$14.42. 182,103 shares of the company’s stock were exchanged, compared to its average volume of 383,963. Paramount Resources has a one year low of C$14.24 and a one year high of C$25.57.

Paramount Resources (TSE:POU) last announced its quarterly earnings data on Thursday, March 8th. The company reported C($0.79) EPS for the quarter, missing the Zacks’ consensus estimate of C($0.66) by C($0.13). The firm had revenue of C$258.90 million during the quarter, compared to the consensus estimate of C$257.10 million. Paramount Resources had a net margin of 206.65% and a return on equity of 42.13%.

In other Paramount Resources news, insider Rodrigo Sousa purchased 7,600 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was bought at an average cost of C$16.85 per share, for a total transaction of C$128,060.00. Also, insider Clayton H. Riddell acquired 110,000 shares of the stock in a transaction on Wednesday, January 24th. The shares were purchased at an average price of C$19.46 per share, with a total value of C$2,140,600.00. Over the last quarter, insiders bought 120,100 shares of company stock valued at $2,307,410.

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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.

Analyst Recommendations for Paramount Resources (TSE:POU)

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