Laurentian Trims Paramount Resources (TSE:POU) Target Price to C$14.00

Paramount Resources (TSE:POU) had its target price trimmed by Laurentian from C$15.00 to C$14.00 in a research report report published on Wednesday morning, BayStreet.CA reports.

A number of other research analysts also recently weighed in on POU. GMP Securities restated a buy rating and set a $22.25 price objective on shares of SPDR Wells Fargo Preferred Stock ETF in a research report on Friday, June 28th. Royal Bank of Canada restated a buy rating and set a $2.50 price objective on shares of in a research report on Thursday, July 18th. CSFB restated a neutral rating and set a C$32.00 price objective on shares of Vermilion Energy in a research report on Tuesday, July 16th. National Bank Financial lowered their price objective on shares of Rocky Mountain Dealerships from C$10.00 to C$8.00 in a research report on Tuesday, July 2nd. Finally, CIBC restated a hold rating and set a $2.50 price objective on shares of Advantage Oil & Gas in a research report on Thursday, July 18th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a strong buy rating to the stock. Paramount Resources presently has an average rating of Hold and a consensus price target of C$9.78.

Shares of TSE POU opened at C$6.68 on Wednesday. The business has a 50 day moving average price of C$6.63. The company has a market capitalization of $881.04 million and a P/E ratio of -2.31. Paramount Resources has a 52-week low of C$5.75 and a 52-week high of C$15.84. The company has a current ratio of 0.51, a quick ratio of 0.47 and a debt-to-equity ratio of 40.00.

Paramount Resources (TSE:POU) last issued its earnings results on Wednesday, May 8th. The company reported C($0.59) earnings per share (EPS) for the quarter, topping the consensus estimate of C($4.41) by C$3.82. The firm had revenue of C$246.05 million during the quarter, compared to the consensus estimate of C$254.00 million. As a group, equities research analysts forecast that Paramount Resources will post -0.95 earnings per share for the current year.

About Paramount Resources

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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