Paramount Resources, Ltd. (POU) PT Lowered to C$15.00 at TD Securities
Paramount Resources, Ltd. (TSE:POU) had its target price trimmed by TD Securities from C$15.50 to C$15.00 in a report published on Thursday morning. The brokerage currently has a hold rating on the stock.
Several other analysts also recently commented on POU. Barclays PLC raised their price objective on shares of Paramount Resources from C$12.00 to C$14.00 in a research report on Friday, July 22nd. National Bank Financial set a C$15.50 price objective on shares of Paramount Resources and gave the stock a sector perform rating in a research report on Tuesday, July 26th. Scotiabank raised their price objective on shares of Paramount Resources from C$11.50 to C$16.00 and gave the stock an outperform rating in a research report on Wednesday, July 27th. Desjardins raised their price objective on shares of Paramount Resources from C$11.00 to C$13.50 in a research report on Thursday, July 28th. Finally, FirstEnergy Capital raised their price objective on shares of Paramount Resources from C$11.50 to C$13.50 in a research report on Tuesday, August 9th. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of Hold and an average target price of C$14.83.
Shares of Paramount Resources (TSE:POU) opened at 15.21 on Thursday. The company’s market capitalization is $1.62 billion. The firm’s 50-day moving average is $15.56 and its 200 day moving average is $12.33. Paramount Resources has a 52-week low of $2.86 and a 52-week high of $17.64.
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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