Shares of Paramount Resources, Ltd. (TSE:POU) have received an average rating of “Buy” from the fifteen brokerages that are covering the stock. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$14.79.

Several research analysts have weighed in on the stock. Barclays PLC increased their target price on shares of Paramount Resources from C$16.00 to C$17.00 in a research note on Tuesday. FirstEnergy Capital raised their price objective on shares of Paramount Resources from C$11.50 to C$13.50 in a research note on Tuesday, August 9th. TD Securities raised their price objective on shares of Paramount Resources from C$10.50 to C$16.50 and gave the company a “hold” rating in a research note on Wednesday, July 27th. CIBC raised their price objective on shares of Paramount Resources from C$12.00 to C$13.00 in a research note on Friday, July 8th. Finally, Raymond James Financial Inc. raised 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.

Shares of Paramount Resources (TSE:POU) opened at 16.89 on Tuesday. Paramount Resources has a 52-week low of $2.86 and a 52-week high of $17.36. The stock’s market cap is $1.79 billion. The firm’s 50-day moving average is $14.85 and its 200 day moving average is $10.97.

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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