Paramount Resources, Ltd. (POU) Price Target Increased to C$17.00 by Analysts at Barclays PLC
Paramount Resources, Ltd. (TSE:POU) had its price target increased by research analysts at Barclays PLC from C$16.00 to C$17.00 in a report issued on Tuesday. Barclays PLC’s price objective points to a potential upside of 3.09% from the company’s current price.
A number of other brokerages have also recently weighed in on POU. Raymond James Financial Inc. raised their price objective on shares of Paramount Resources from C$17.50 to C$19.50 in a research note on Wednesday, September 14th. RBC Capital Markets raised their price objective on shares of Paramount Resources from C$10.00 to C$15.00 and gave the stock a “sector perform” rating in a research note on Friday, August 19th. CSFB reissued a “neutral” rating and set a C$13.50 price objective on shares of Paramount Resources in a research note on Monday, August 22nd. Royal Bank Of Canada raised their price objective on shares of Paramount Resources from C$10.00 to C$15.00 and gave the stock a “sector perform” rating in a research note on Friday, August 19th. Finally, CIBC raised their price objective on shares of Paramount Resources from C$12.00 to C$13.00 in a research note on Friday, July 8th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of C$14.43.
Paramount Resources (TSE:POU) traded up 2.37% on Tuesday, reaching $16.88. The company’s stock had a trading volume of 390,039 shares. The firm has a 50 day moving average price of $14.49 and a 200 day moving average price of $10.77. Paramount Resources has a 52 week low of $2.86 and a 52 week high of $17.36. The stock’s market capitalization is $1.79 billion.
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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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