Paramount Resources Ltd (PRMRF) Stock Rating Reaffirmed by Scotiabank
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.
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.
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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