Paramount Resources Ltd (NASDAQ:PRMRF)‘s stock had its “outperform” rating reaffirmed by analysts at Scotiabank in a note issued to investors on Monday. They currently have a $18.00 price objective on the stock. Scotiabank’s price objective suggests a potential upside of 44.67% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the stock. RBC Capital Markets reiterated a “sector perform” rating and set a $16.00 price target (up previously from $15.00) on shares of Paramount Resources in a report on Monday, September 26th. TD Securities reiterated a “hold” rating and set a $16.00 price target (down previously from $16.50) on shares of Paramount Resources in a report on Thursday, August 11th. Barclays PLC reiterated an “equal weight” rating on shares of Paramount Resources in a report on Monday, September 26th. Finally, Raymond James Financial Inc. reiterated an “outperform” rating and set a $17.50 price target (up previously from $17.00) on shares of Paramount Resources in a report on Thursday, August 11th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $15.90.

Analyst Recommendations for Paramount Resources (NASDAQ:PRMRF)

Shares of Paramount Resources (NASDAQ:PRMRF) opened at 12.4423 on Monday. The firm’s 50-day moving average is $11.91 and its 200-day moving average is $9.68. The company’s market cap is $1.32 billion. Paramount Resources has a one year low of $2.03 and a one year high of $13.23.

ILLEGAL ACTIVITY NOTICE: “Paramount Resources Ltd (PRMRF) Stock Rating Reaffirmed by Scotiabank” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another domain, it was stolen and reposted in violation of US & international trademark & copyright laws. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2016/11/23/paramount-resources-ltd-prmrf-stock-rating-reaffirmed-by-scotiabank-2.html.

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.

5 Day Chart for NASDAQ:PRMRF

Receive News & Stock Ratings for Paramount Resources Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paramount Resources Ltd and related stocks with our FREE daily email newsletter.