Scotiabank reiterated their outperform rating on shares of Paramount Resources Ltd (NASDAQ:PRMRF) in a research report released on Monday morning. The firm currently has a $18.00 target price on the stock, up from their previous target price of $16.00.
Several other equities research analysts have also weighed in on the company. Barclays PLC restated an equal weight rating on shares of Paramount Resources in a research report on Monday. RBC Capital Markets restated a sector perform rating and set a $16.00 price target (up from $15.00) on shares of Paramount Resources in a research report on Monday. Raymond James Financial Inc. restated an outperform rating and set a $17.50 price target (up from $17.00) on shares of Paramount Resources in a research report on Thursday, August 11th. Finally, TD Securities restated a hold rating and set a $16.00 price target (down from $16.50) on shares of Paramount Resources in a research report on Thursday, August 11th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Paramount Resources currently has an average rating of Hold and an average target price of $15.90.
Paramount Resources (NASDAQ:PRMRF) opened at 11.3748 on Monday. Paramount Resources has a 52 week low of $2.03 and a 52 week high of $12.65. The company’s market cap is $1.21 billion. The firm has a 50-day moving average price of $10.75 and a 200-day moving average price of $8.02.
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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