Paramount Resources, Ltd. (POU) Rating Reiterated by Scotiabank
Paramount Resources, Ltd. (TSE:POU)‘s stock had its “outperform” rating reissued by research analysts at Scotiabank in a report issued on Friday. They presently have a C$18.00 target price on the stock. Scotiabank’s price objective would indicate a potential upside of 7.40% from the stock’s previous close.
POU has been the topic of a number of other reports. CIBC upped their price target on shares of Paramount Resources from C$13.00 to C$15.50 in a research note on Wednesday, October 19th. Raymond James Financial Inc. upped their price target 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. Desjardins upped their price target on shares of Paramount Resources from C$11.00 to C$13.50 in a research note on Thursday, July 28th. CSFB restated a “neutral” rating and set a C$13.50 price target on shares of Paramount Resources in a research note on Monday, August 22nd. Finally, Barclays PLC upped their target price on shares of Paramount Resources from C$16.00 to C$17.00 in a report on Tuesday, October 11th. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of C$14.83.
Paramount Resources (TSE:POU) opened at 16.76 on Friday. The stock’s 50 day moving average is $15.76 and its 200-day moving average is $12.61. The firm’s market cap is $1.78 billion. Paramount Resources has a one year low of $2.86 and a one year 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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