Paramount Resources, Ltd. (TSE:POU) had its price target raised by Royal Bank Of Canada from C$15.00 to C$16.00 in a report published on Monday morning, StockTargetPrices.com reports. Royal Bank Of Canada currently has a sector perform rating on the stock.
Several other analysts have also issued reports on POU. Raymond James Financial Inc. set a C$15.00 target price on Paramount Resources in a report on Monday, June 6th. FirstEnergy Capital increased their target price on Paramount Resources from C$6.75 to C$7.25 in a report on Wednesday, June 15th. BMO Capital Markets increased their target price on Paramount Resources from C$8.50 to C$9.50 in a report on Thursday, June 30th. Barclays PLC reduced their target price on Paramount Resources from C$12.00 to C$7.00 and set an equal weight rating on the stock in a report on Thursday, July 7th. Finally, CIBC increased their target price on Paramount Resources from C$12.00 to C$13.00 in a report on Friday, July 8th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of C$14.37.
Paramount Resources (TSE:POU) opened at 14.70 on Monday. The firm’s market cap is $1.56 billion. Paramount Resources has a one year low of $2.86 and a one year high of $16.37. The firm’s 50-day moving average price is $14.04 and its 200 day moving average price is $10.46.
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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