Paramount Resources (OTCMKTS:PRMRF) had its price target increased by Scotiabank from $2.25 to $3.50 in a research report released on Wednesday, The Fly reports. The brokerage currently has an underperform rating on the stock.

Several other analysts have also recently issued reports on the stock. Raymond James upped their price objective on shares of Paramount Resources from $2.00 to $2.75 and gave the company a market perform rating in a research note on Friday, August 7th. CIBC increased their price target on shares of Paramount Resources from $3.00 to $3.50 and gave the company a neutral rating in a research note on Monday, November 9th. BMO Capital Markets increased their price target on shares of Paramount Resources from $3.00 to $4.50 and gave the company a market perform rating in a research note on Friday, November 6th. Stifel Nicolaus increased their price target on shares of Paramount Resources from $2.50 to $4.50 and gave the company a buy rating in a research note on Monday, November 9th. Finally, TD Securities increased their price target on shares of Paramount Resources from $2.50 to $3.25 and gave the company a hold rating in a research note on Monday, November 9th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $3.25.

Shares of OTCMKTS PRMRF opened at $2.68 on Wednesday. Paramount Resources has a 12-month low of $0.58 and a 12-month high of $6.00. The stock has a market cap of $358.54 million, a PE ratio of -2.48 and a beta of 3.68. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.44. The company has a 50-day moving average of $1.96 and a 200 day moving average of $1.63.

About Paramount Resources

Paramount Resources Ltd., an independent energy company, explores for, develops, produces, and markets natural gas, crude oil, and natural gas liquids in Canada. Its principal properties are the Montney and Duvernay developments located in Alberta and British Columbia. The company also invests in public and private corporations.

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The Fly

Analyst Recommendations for Paramount Resources (OTCMKTS:PRMRF)

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