Paramount Resources, Ltd. (TSE:POU) had its target price increased by Raymond James Financial Inc. from C$19.50 to C$20.50 in a report released on Monday. Raymond James Financial Inc. currently has an outperform rating on the stock.
A number of other analysts have also recently weighed in on the company. Scotiabank boosted their price target on Paramount Resources from C$16.00 to C$18.00 and gave the stock an outperform rating in a research report on Monday. Barclays PLC lifted their price objective on Paramount Resources from C$14.00 to C$16.00 and gave the stock an equal weight rating in a research note on Monday. Royal Bank Of Canada lifted their price objective on Paramount Resources from C$15.00 to C$16.00 and gave the stock a sector perform rating in a research note on Monday. CSFB reiterated a neutral rating and issued a C$13.50 price objective on shares of Paramount Resources in a research note on Monday, August 22nd. Finally, RBC Capital Markets lifted their price objective on Paramount Resources from C$10.00 to C$15.00 and gave the stock a sector perform rating in a research note on Friday, August 19th. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Paramount Resources presently has a consensus rating of Hold and an average price target of C$14.40.
Shares of Paramount Resources (TSE:POU) opened at 14.89 on Monday. The firm’s market cap is $1.58 billion. The firm’s 50-day moving average price is $13.90 and its 200-day moving average price is $10.36. Paramount Resources has a 52 week low of $2.86 and a 52 week high of $16.37.
Paramount Resources Company Profile
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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