Paramount Resources, Ltd. (TSE:POU) had its target price boosted by Barclays PLC from C$16.00 to C$17.00 in a report released on Tuesday morning.

A number of other analysts have also recently issued reports on POU. FirstEnergy Capital increased their price objective on Paramount Resources from C$11.50 to C$13.50 in a report on Tuesday, August 9th. TD Securities increased their price objective on Paramount Resources from C$10.50 to C$16.50 and gave the stock a hold rating in a report on Wednesday, July 27th. CIBC increased their price objective on Paramount Resources from C$12.00 to C$13.00 in a report on Friday, July 8th. Raymond James Financial Inc. increased their price objective on Paramount Resources from C$19.50 to C$20.50 and gave the stock an outperform rating in a report on Monday, September 26th. Finally, BMO Capital Markets increased their price objective on Paramount Resources from C$8.50 to C$9.50 in a report on Thursday, June 30th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of Hold and an average target price of C$14.43.

Paramount Resources (TSE:POU) opened at 17.01 on Tuesday. The firm’s 50-day moving average price is $14.64 and its 200 day moving average price is $10.89. The company’s market cap is $1.81 billion. Paramount Resources has a 52-week low of $2.86 and a 52-week high of $17.36.

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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