Paramount Resources (TSE:POU) had its price objective decreased by TD Securities from C$14.00 to C$12.00 in a research report released on Friday morning. TD Securities currently has a hold rating on the stock.
Other research analysts also recently issued research reports about the stock. BMO Capital Markets decreased their price target on shares of Paramount Resources from C$18.00 to C$11.00 in a research note on Friday. National Bank Financial decreased their price target on shares of Paramount Resources from C$21.50 to C$20.00 and set an outperform rating for the company in a research note on Friday. CIBC lifted their price target on shares of Paramount Resources from C$17.50 to C$19.00 in a research note on Monday, October 15th. Finally, Royal Bank of Canada decreased their price target on shares of Paramount Resources from C$20.00 to C$18.00 and set a sector perform rating for the company in a research note on Thursday, August 9th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of C$21.52.
Shares of TSE POU traded down C$1.24 during midday trading on Friday, hitting C$8.39. The company’s stock had a trading volume of 1,471,800 shares, compared to its average volume of 414,573. The company has a debt-to-equity ratio of 34.24, a current ratio of 1.18 and a quick ratio of 0.36. Paramount Resources has a 1 year low of C$8.08 and a 1 year high of C$24.99.
Paramount Resources (TSE:POU) last issued its quarterly earnings results on Wednesday, August 8th. The company reported C($1.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.86) by C($0.15). The company had revenue of C$217.34 million for the quarter, compared to the consensus estimate of C$228.90 million. Equities research analysts expect that Paramount Resources will post -1.64999989719627 earnings per share for the current year.
In other news, insider Clayton H. Riddell purchased 200,000 shares of the firm’s stock in a transaction that occurred on Monday, August 13th. The stock was bought at an average price of C$13.08 per share, for a total transaction of C$2,616,000.00. Also, Director Dirk Jungé sold 3,000 shares of Paramount Resources stock in a transaction that occurred on Friday, October 19th. The stock was sold at an average price of C$11.98, for a total transaction of C$35,940.00.
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 located in Alberta and British Columbia. The company also invests in public and private corporations. Paramount Resources Ltd.
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