Paramount Resources, Ltd. (TSE:POU) had its price objective lifted by Barclays PLC from C$14.00 to C$16.00 in a research report issued to clients and investors on Monday, StockTargetPrices.com reports. Barclays PLC’s price target indicates a potential upside of 13.15% from the stock’s current price.
A number of other research analysts have also recently issued reports on the stock. National Bank Financial decreased their price target on shares of Paramount Resources from C$15.50 to C$14.50 in a report on Wednesday, August 3rd. Raymond James Financial Inc. raised their price target on shares of Paramount Resources from C$17.50 to C$19.50 in a research report on Wednesday, September 14th. Scotiabank raised their price target on shares of Paramount Resources from C$11.50 to C$16.00 and gave the company an “outperform” rating in a research report on Wednesday, July 27th. RBC Capital Markets lifted their target price on shares of Paramount Resources from C$10.00 to C$15.00 and gave the company a “sector perform” rating in a research report on Friday, August 19th. Finally, Desjardins lifted their target price on shares of Paramount Resources from C$11.00 to C$13.50 in a research report on Thursday, July 28th. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Paramount Resources currently has an average rating of “Hold” and an average price target of C$14.13.
Paramount Resources (TSE:POU) traded up 8.42% during midday trading on Monday, reaching $15.33. 275,518 shares of the company’s stock were exchanged. The stock’s market capitalization is $1.63 billion. Paramount Resources has a 12-month low of $2.86 and a 12-month high of $16.37. The stock’s 50-day moving average is $13.85 and its 200-day moving average is $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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