Paramount Resources (TSE:POU) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Paramount Resources (TSE:POU - Get Free Report) had its price objective lifted by analysts at Jefferies Financial Group from C$21.00 to C$25.00 in a report released on Wednesday,BayStreet.CA reports. Jefferies Financial Group's target price suggests a potential upside of 17.54% from the stock's current price.

A number of other research firms have also weighed in on POU. Raymond James Financial set a C$20.00 price objective on shares of Paramount Resources and gave the stock a "market perform" rating in a research report on Tuesday, April 8th. Royal Bank Of Canada raised their target price on shares of Paramount Resources from C$21.00 to C$23.00 and gave the stock a "sector perform" rating in a research report on Monday, June 30th. Finally, CIBC reduced their target price on shares of Paramount Resources from C$24.50 to C$22.00 in a research report on Thursday, April 10th. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Paramount Resources currently has an average rating of "Moderate Buy" and a consensus price target of C$24.33.

Paramount Resources Price Performance

TSE POU traded down C$0.16 on Wednesday, reaching C$21.27. The company had a trading volume of 139,043 shares, compared to its average volume of 697,542. The firm's 50 day moving average price is C$20.93 and its 200 day moving average price is C$20.90. The company has a quick ratio of 0.68, a current ratio of 0.62 and a debt-to-equity ratio of 2.06. The stock has a market capitalization of C$3.17 billion, a PE ratio of 8.71, a price-to-earnings-growth ratio of 0.14 and a beta of 3.04. Paramount Resources has a 12 month low of C$14.33 and a 12 month high of C$32.83.

Insiders Place Their Bets

In other news, Senior Officer Garth W.J. Stotts sold 5,122 shares of the business's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of C$19.16, for a total transaction of C$98,130.35. Also, Senior Officer Rodrigo Sousa sold 43,535 shares of the business's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of C$21.85, for a total transaction of C$951,239.75. Insiders own 45.36% of the company's stock.

Paramount Resources Company Profile

Paramount Resources Ltd is a Canadian energy company that explores, develops, produces, and markets natural gas, crude oil, and natural gas liquids. The company takes part in exploration and production in Alberta and British Columbia. Sales for Paramount's products are priced in a multitude of markets that span the United States and Canada.