Paramount Resources, Ltd. (TSE:POU) had its price target raised by Royal Bank Of Canada from C$16.00 to C$18.00 in a research note published on Thursday, StockTargetPrices.com reports.
POU has been the subject of several other research reports. Raymond James Financial Inc. upped their price target on Paramount Resources from C$17.50 to C$19.50 in a research note on Wednesday, September 14th. RBC Capital Markets upped their price objective on Paramount Resources from C$10.00 to C$15.00 and gave the stock a sector perform rating in a report on Friday, August 19th. CSFB reaffirmed a neutral rating and set a C$13.50 price objective on shares of Paramount Resources in a report on Monday, August 22nd. CIBC upped their target price on Paramount Resources from C$12.00 to C$13.00 in a report on Friday, July 8th. Finally, TD Securities lowered their target price on Paramount Resources from C$16.00 to C$15.50 and set a hold rating on the stock in a report on Tuesday, September 27th. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Paramount Resources presently has an average rating of Hold and an average target price of C$14.70.
Shares of Paramount Resources (TSE:POU) traded up 0.30% on Thursday, reaching $16.94. The company’s stock had a trading volume of 47,594 shares. Paramount Resources has a 1-year low of $2.86 and a 1-year high of $17.36. The stock’s market capitalization is $1.80 billion. The company has a 50 day moving average of $14.85 and a 200 day moving average of $10.97.
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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