Paramount Resources, Ltd. (TSE:POU) has received an average recommendation of “Buy” from the fifteen ratings firms that are covering the company. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$14.79.
Several research analysts have issued reports on POU shares. National Bank Financial dropped their target price on shares of Paramount Resources from C$15.50 to C$14.50 in a report on Wednesday, August 3rd. RBC Capital Markets increased their target price on shares of Paramount Resources from C$15.00 to C$16.00 and gave the stock a “sector perform” rating in a report on Monday, September 26th. Barclays PLC dropped their target price on shares of 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. Raymond James Financial Inc. increased their target price on shares of Paramount Resources from C$17.50 to C$19.50 in a report on Wednesday, September 14th. Finally, Scotiabank increased their target price on shares of Paramount Resources from C$11.50 to C$16.00 and gave the stock an “outperform” rating in a report on Wednesday, July 27th.
Shares of Paramount Resources (TSE:POU) opened at 16.77 on Tuesday. The stock’s market capitalization is $1.78 billion. Paramount Resources has a one year low of $2.86 and a one year high of $17.36. The firm’s 50-day moving average is $14.94 and its 200-day moving average is $11.04.
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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