POU has been the subject of a number of other reports. Raymond James Financial Inc. increased their price objective on Paramount Resources from C$17.50 to C$19.50 in a report on Wednesday, September 14th. CSFB restated a neutral rating and issued a C$13.50 price objective on shares of Paramount Resources in a report on Monday, August 22nd. Royal Bank Of Canada increased their price objective on Paramount Resources from C$10.00 to C$15.00 and gave the company a sector perform rating in a report on Friday, August 19th. CIBC upped their price target on shares of Paramount Resources from C$12.00 to C$13.00 in a research report on Friday, July 8th. Finally, TD Securities cut their price target on shares of Paramount Resources from C$16.00 to C$15.50 and set a hold rating on the stock in a research report on Tuesday, September 27th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of Hold and an average target price of C$14.70.
Shares of Paramount Resources (TSE:POU) opened at 16.55 on Thursday. The firm has a 50 day moving average price of $15.10 and a 200 day moving average price of $11.25. Paramount Resources has a 1-year low of $2.86 and a 1-year high of $17.36. The firm’s market cap is $1.76 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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