Paramount Resources, Ltd. (TSE:POU) had its price objective boosted by equities researchers at RBC Capital Markets from C$16.00 to C$18.00 in a report issued on Thursday. RBC Capital Markets’ price target suggests a potential upside of 7.33% from the company’s current price.
A number of other research analysts have also issued reports on POU. FirstEnergy Capital upped their target price on shares of Paramount Resources from C$11.50 to C$13.50 in a report on Tuesday, August 9th. TD Securities upped their target price on shares of Paramount Resources from C$10.50 to C$16.50 and gave the company a “hold” rating in a report on Wednesday, July 27th. CIBC upped their price objective on shares of Paramount Resources from C$12.00 to C$13.00 in a research note on Friday, July 8th. Raymond James Financial Inc. upped their price objective on shares of Paramount Resources from C$19.50 to C$20.50 and gave the company an “outperform” rating in a research note on Monday, September 26th. Finally, Barclays PLC upped their price objective on shares of Paramount Resources from C$16.00 to C$17.00 in a research note on Tuesday, October 11th. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Paramount Resources has a consensus rating of “Hold” and a consensus price target of C$14.70.
Paramount Resources (TSE:POU) opened at 16.77 on Thursday. The company has a 50-day moving average of $14.94 and a 200-day moving average of $11.04. The stock’s market cap is $1.78 billion. Paramount Resources has a 52 week low of $2.86 and a 52 week high of $17.36.
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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