Paramount Resources, Ltd. (POU) Stock Rating Reaffirmed by Barclays PLC
Paramount Resources, Ltd. (TSE:POU)‘s stock had its “equal weight” rating restated by analysts at Barclays PLC in a research report issued to clients and investors on Tuesday.
POU has been the topic of several other reports. Raymond James Financial Inc. lifted 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 report on Monday. Desjardins lifted their price objective on shares of Paramount Resources from C$11.00 to C$13.50 in a report on Thursday, July 28th. CSFB reissued a “neutral” rating and set a C$13.50 price objective on shares of Paramount Resources in a report on Monday, August 22nd. FirstEnergy Capital lifted their price objective on shares of Paramount Resources from C$6.75 to C$7.25 in a report on Wednesday, June 15th. Finally, Royal Bank Of Canada lifted their price objective on shares of Paramount Resources from C$15.00 to C$16.00 and gave the company a “sector perform” rating in a report on Monday. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of C$14.37.
Shares of Paramount Resources (TSE:POU) opened at 14.56 on Tuesday. Paramount Resources has a 12 month low of $2.86 and a 12 month high of $16.37. The stock has a 50 day moving average price of $13.98 and a 200-day moving average price of $10.43. The company’s market capitalization is $1.55 billion.
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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