Paramount Resources, Ltd. (TSE:POU)‘s stock had its “equal weight” rating restated by Barclays PLC in a note issued to investors on Tuesday, StockTargetPrices.com reports.
Several other analysts also recently issued reports on the stock. National Bank Financial reduced their price target on shares of Paramount Resources from C$15.50 to C$14.50 in a report on Wednesday, August 3rd. Raymond James Financial Inc. upped their price target on shares of Paramount Resources from C$17.50 to C$19.50 in a report on Wednesday, September 14th. RBC Capital Markets upped their price target on shares of Paramount Resources from C$15.00 to C$16.00 and gave the company a “sector perform” rating in a report on Monday. Scotiabank upped their price target on shares of Paramount Resources from C$11.50 to C$16.00 and gave the company an “outperform” rating in a report on Wednesday, July 27th. Finally, Desjardins upped their price target on shares of Paramount Resources from C$11.00 to C$13.50 in a report on Thursday, July 28th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of C$14.40.
Shares of Paramount Resources (TSE:POU) opened at 14.89 on Tuesday. The firm’s market cap is $1.58 billion. Paramount Resources has a 12-month low of $2.86 and a 12-month high of $16.37. The company has a 50-day moving average of $13.90 and a 200 day moving average of $10.36.
About Paramount Resources
Paramount Resources Ltd. is engaged in exploring and developing conventional petroleum and natural gas prospects, which pursues non-conventional exploration and pre-development projects and holds a portfolio of investments in other entities. The Company’s principal properties are primarily located in Alberta, British Columbia and Northwest Territories.
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