Paramount Resources Ltd (NASDAQ:PRMRF)‘s stock had its “sector perform” rating restated by investment analysts at RBC Capital Markets in a research note issued to investors on Monday. They presently have a $16.00 price target on the stock, up from their prior price target of $15.00. RBC Capital Markets’ price objective would indicate a potential upside of 51.23% from the company’s current price.
A number of other brokerages have also issued reports on PRMRF. TD Securities reiterated a “hold” rating and set a $16.00 target price (down from $16.50) on shares of Paramount Resources in a research report on Thursday, August 11th. Raymond James Financial Inc. reissued an “outperform” rating and set a $17.50 price target (up from $17.00) on shares of Paramount Resources in a research note on Thursday, August 11th. Scotiabank reissued an “outperform” rating and set a $16.00 price target on shares of Paramount Resources in a research note on Wednesday, August 10th. Finally, Barclays PLC raised shares of Paramount Resources from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $7.00 to $12.00 in a research note on Thursday, July 7th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $15.90.
Shares of Paramount Resources (NASDAQ:PRMRF) opened at 10.58 on Monday. Paramount Resources has a 52 week low of $2.03 and a 52 week high of $12.65. The firm’s market cap is $1.12 billion. The firm’s 50 day moving average is $10.70 and its 200-day moving average is $8.00.
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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