Paramount Resources, Ltd. (TSE:POU) had its target price lifted by equities research analysts at Scotiabank from C$16.00 to C$18.00 in a report released on Monday. The firm presently has an “outperform” rating on the stock. Scotiabank’s target price suggests a potential upside of 27.30% from the stock’s previous close.
POU has been the topic of several other reports. Raymond James Financial Inc. upped their price target on Paramount Resources from C$17.50 to C$19.50 in a research report on Wednesday, September 14th. RBC Capital Markets increased their target price on Paramount Resources from C$10.00 to C$15.00 and gave the stock a “sector perform” rating in a research report on Friday, August 19th. CSFB reaffirmed a “neutral” rating and issued a C$13.50 target price on shares of Paramount Resources in a research report on Monday, August 22nd. Royal Bank Of Canada increased their target price on Paramount Resources from C$10.00 to C$15.00 and gave the stock a “sector perform” rating in a research report on Friday, August 19th. Finally, CIBC increased their target price on Paramount Resources from C$12.00 to C$13.00 in a research report on Friday, July 8th. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of C$14.40.
Paramount Resources (TSE:POU) traded up 7.14% on Monday, hitting $15.15. The stock had a trading volume of 471,943 shares. The company’s market cap is $1.61 billion. Paramount Resources has a one year low of $2.86 and a one year high of $16.37. The stock has a 50-day moving average of $13.85 and a 200-day moving average of $10.29.
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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