Zacks: Paramount Resources Ltd (NASDAQ:PRMRF) Given Consensus Recommendation of “Strong Sell” by Analysts
Paramount Resources Ltd (NASDAQ:PRMRF) has earned a consensus broker rating score of 5.00 (Strong Sell) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell rating.
Zacks has also given Paramount Resources an industry rank of 213 out of 265 based on the ratings given to its competitors.
Several equities analysts have issued reports on the stock. RBC Capital Markets reissued a “sector perform” rating and issued a $16.00 price objective (up from $15.00) on shares of Paramount Resources in a research note on Monday, September 26th. Scotiabank reaffirmed an “outperform” rating and set a $18.00 price target (up from $16.00) on shares of Paramount Resources in a research note on Monday, September 26th. Barclays PLC reaffirmed an “equal weight” rating on shares of Paramount Resources in a research note on Monday, September 26th. TD Securities reaffirmed a “hold” rating and set a $16.00 price target (down from $16.50) on shares of Paramount Resources in a research note on Thursday, August 11th. Finally, Raymond James Financial Inc. reaffirmed an “outperform” rating and set a $17.50 price target (up from $17.00) on shares of Paramount Resources in a research note on Thursday, August 11th.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/07/zacks-paramount-resources-ltd-nasdaqprmrf-given-consensus-recommendation-of-strong-sell-by-analysts.html
Shares of Paramount Resources (NASDAQ:PRMRF) traded up 0.0000% during midday trading on Friday, hitting $12.9585. 64 shares of the company traded hands. The stock’s market capitalization is $1.38 billion. The company has a 50-day moving average price of $11.05 and a 200-day moving average price of $8.23. Paramount Resources has a 52 week low of $2.03 and a 52 week high of $12.96.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.