Shares of Paramount Resources Ltd (NASDAQ:PRMRF) have earned an average broker rating score of 5.00 (Strong Sell) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong sell rating.
Zacks has also given Paramount Resources an industry rank of 199 out of 265 based on the ratings given to related companies.
Several equities research analysts have issued reports on PRMRF shares. Scotiabank reissued an “outperform” rating and issued a $18.00 price objective (up from $16.00) on shares of Paramount Resources in a research report on Monday, September 26th. Raymond James Financial Inc. reissued an “outperform” rating and issued a $17.50 price objective (up from $17.00) on shares of Paramount Resources in a research report on Thursday, August 11th. RBC Capital Markets reaffirmed a “sector perform” rating and issued a $16.00 price target (up previously from $15.00) on shares of Paramount Resources in a research report on Monday, September 26th. TD Securities reaffirmed a “hold” rating and issued a $16.00 price target (down previously from $16.50) on shares of Paramount Resources in a research report on Thursday, August 11th. Finally, Barclays PLC raised shares of Paramount Resources from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $7.00 to $12.00 in a research report on Thursday, July 7th.
Shares of Paramount Resources (NASDAQ:PRMRF) opened at 12.45 on Friday. Paramount Resources has a one year low of $2.03 and a one year high of $12.96. The company has a 50-day moving average of $11.11 and a 200 day moving average of $8.28. The stock’s market cap is $1.32 billion.
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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