Paramount Resources Upgraded to Outperform by Scotiabank (POU)
Paramount Resources (TSE:POU) was upgraded by investment analysts at Scotiabank from a “sector perform” rating to an “outperform” rating in a note issued to investors on Monday, AnalystRatingsNetwork reports. The firm currently has a C$45.00 price target on the stock. Scotiabank’s target price points to a potential upside of 30.40% from the company’s current price.
Paramount Resources (TSE:POU) traded up 2.75% during mid-day trading on Monday, hitting $35.46. 49,107 shares of the company’s stock traded hands. Paramount Resources has a 1-year low of $28.90 and a 1-year high of $39.40. The stock’s 50-day moving average is $33.44 and its 200-day moving average is $35.58. The company’s market cap is $3.382 billion.
Separately, analysts at Canaccord Genuity cut their price target on shares of Paramount Resources (TSE:POU) from C$44.00 to C$43.00 in a research note to investors on Monday, July 22nd. They now have a “buy” rating on the stock.
Paramount Resources Ltd. (TSE:POU) is an energy company.
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