Paramount Resources (TSE:POU) Earns “Underperform” Rating from CSFB

CSFB reissued their underperform rating on shares of Paramount Resources (TSE:POU) in a research report sent to investors on Tuesday, BayStreet.CA reports. They currently have a C$7.00 price target on the stock.

A number of other equities research analysts have also weighed in on the company. Raymond James reissued a buy rating and issued a $26.00 target price on shares of Propetro in a research note on Tuesday, July 2nd. GMP Securities reissued a buy rating and issued a $22.25 target price on shares of SPDR Wells Fargo Preferred Stock ETF in a research note on Friday, June 28th. National Bank Financial lowered their target price on Rocky Mountain Dealerships from C$10.00 to C$8.00 in a research note on Tuesday, July 2nd. Finally, Laurentian boosted their target price on Paramount Resources from C$12.50 to C$13.00 in a research note on Thursday, May 9th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Hold and an average price target of C$9.68.

TSE POU opened at C$6.68 on Tuesday. Paramount Resources has a 1-year low of C$5.75 and a 1-year high of C$15.84. The company has a debt-to-equity ratio of 40.00, a quick ratio of 0.47 and a current ratio of 0.51. The firm has a 50-day moving average of C$6.72. The company has a market cap of $938.38 million and a price-to-earnings ratio of -2.31.

Paramount Resources (TSE:POU) last released its earnings results on Wednesday, May 8th. The company reported C($0.59) earnings per share for the quarter, beating analysts’ consensus estimates of C($4.41) by C$3.82. The company had revenue of C$246.05 million during the quarter, compared to the consensus estimate of C$254.00 million. On average, sell-side analysts anticipate that Paramount Resources will post -0.85 earnings per share for the current year.

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 the Montney and Duvernay developments covering approximately 3.0 million net acres located in Alberta and British Columbia.

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Analyst Recommendations for Paramount Resources (TSE:POU)

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