RBC Capital Markets Boosts Paramount Resources, Ltd. (POU) Price Target to C$16.00

Paramount Resources, Ltd. (TSE:POU) had its target price lifted by RBC Capital Markets from C$15.00 to C$16.00 in a research note published on Monday morning. RBC Capital Markets currently has a sector perform rating on the stock.

POU has been the topic of several other research reports. Barclays PLC upgraded Paramount Resources from an underweight rating to an equal weight rating and boosted their target price for the company from C$7.00 to C$12.00 in a research note on Friday, July 8th. Raymond James Financial Inc. boosted their target price on Paramount Resources from C$19.50 to C$20.50 and gave the company an outperform rating in a research note on Monday. Desjardins boosted their target price on Paramount Resources from C$11.00 to C$13.50 in a research note on Thursday, July 28th. CSFB restated a neutral rating and issued a C$13.50 target price on shares of Paramount Resources in a research note on Monday, August 22nd. Finally, FirstEnergy Capital boosted their target price on Paramount Resources from C$6.75 to C$7.25 in a research note on Wednesday, June 15th. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Paramount Resources presently has an average rating of Hold and an average price target of C$14.37.

Paramount Resources (TSE:POU) opened at 14.70 on Monday. The company’s 50-day moving average is $14.04 and its 200 day moving average is $10.46. The company’s market cap is $1.56 billion. Paramount Resources has a 12 month low of $2.86 and a 12 month high of $16.37.

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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