Paramount Resources, Ltd. (POU) Given Average Recommendation of “Hold” by Analysts
Paramount Resources, Ltd. (TSE:POU) has been given a consensus rating of “Buy” by the fifteen brokerages that are currently covering the company. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$14.93.
A number of equities research analysts have commented on the company. Scotiabank restated an “outperform” rating and set a C$18.00 price objective on shares of Paramount Resources in a research report on Friday. FirstEnergy Capital upgraded Paramount Resources from an “underperform” rating to a “market perform” rating in a research report on Friday, August 12th. Raymond James Financial Inc. raised their price objective on Paramount Resources from C$17.00 to C$17.50 and gave the stock an “outperform” rating in a research report on Tuesday, August 9th. Desjardins raised their price objective on Paramount Resources from C$11.00 to C$13.50 in a research report on Thursday, July 28th. Finally, FirstEnergy Corp. raised their price objective on Paramount Resources from C$11.50 to C$13.50 in a research report on Wednesday, August 10th.
Shares of Paramount Resources (TSE:POU) opened at 15.87 on Tuesday. The firm has a 50-day moving average of $15.70 and a 200 day moving average of $12.48. The firm’s market cap is $1.69 billion. Paramount Resources has a 12 month low of $2.86 and a 12 month high of $17.64.
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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