Paramount Resources, Ltd. (TSE:POU) had its target price hoisted by analysts at Royal Bank Of Canada from C$16.00 to C$18.00 in a research report issued on Thursday. Royal Bank Of Canada’s price target suggests a potential upside of 6.57% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. RBC Capital Markets raised their price objective on shares of Paramount Resources from C$16.00 to C$18.00 in a report on Thursday. FirstEnergy Capital raised shares of Paramount Resources from an “underperform” rating to a “market perform” rating in a report on Friday, August 12th. Scotiabank reaffirmed an “outperform” rating and set a C$16.00 price objective on shares of Paramount Resources in a report on Monday, August 8th. Raymond James Financial Inc. raised their price objective on shares of Paramount Resources from C$17.00 to C$17.50 and gave the stock an “outperform” rating in a report on Tuesday, August 9th. Finally, Desjardins raised their price objective on shares of Paramount Resources from C$11.00 to C$13.50 in a report on Thursday, July 28th. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of C$14.70.

Analyst Recommendations for Paramount Resources (TSE:POU)

Shares of Paramount Resources (TSE:POU) traded up 1.50% on Thursday, reaching $16.89. The company’s stock had a trading volume of 408,424 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 $1.79 billion. The stock has a 50-day moving average of $14.74 and a 200 day moving average of $10.93.

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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