Paramount Resources, Ltd. (POU) Price Target Raised to C$18.00 at RBC Capital Markets
A number of other brokerages have also recently commented on POU. National Bank Financial dropped their price objective on shares of Paramount Resources from C$15.50 to C$14.50 in a research note on Wednesday, August 3rd. Raymond James Financial Inc. raised their price objective on shares of Paramount Resources from C$17.50 to C$19.50 in a research note on Wednesday, September 14th. TD Securities dropped their price objective on shares of Paramount Resources from C$16.00 to C$15.50 and set a hold rating on the stock in a research note on Tuesday, September 27th. FirstEnergy Capital raised shares of Paramount Resources from an underperform rating to a market perform rating in a research note on Friday, August 12th. Finally, Scotiabank raised their price objective on shares of Paramount Resources from C$16.00 to C$18.00 and gave the stock an outperform rating in a research note on Monday, September 26th. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of Hold and a consensus target price of C$14.70.
Paramount Resources (TSE:POU) traded up 0.30% on Thursday, reaching $16.94. 47,594 shares of the company’s stock were exchanged. Paramount Resources has a one year low of $2.86 and a one year high of $17.36. The firm has a 50 day moving average price of $14.85 and a 200 day moving average price of $10.97. The firm’s market cap is $1.80 billion.
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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