Paramount Resources, Ltd. (POU) Price Target Increased to C$18.00 by Analysts at RBC Capital Markets
Paramount Resources, Ltd. (TSE:POU) had its price objective boosted by equities researchers at RBC Capital Markets from C$16.00 to C$18.00 in a research report issued to clients and investors on Thursday. RBC Capital Markets’ target price points to a potential upside of 6.57% from the company’s current price.
A number of other research analysts have also weighed in on the company. FirstEnergy Capital raised their target price on Paramount Resources from C$6.75 to C$7.25 in a report on Wednesday, June 15th. Raymond James Financial Inc. dropped their target price on Paramount Resources from C$15.50 to C$13.50 and set an “outperform” rating on the stock in a report on Friday, June 24th. BMO Capital Markets raised their target price on Paramount Resources from C$8.50 to C$9.50 in a report on Thursday, June 30th. Barclays PLC dropped their target price on Paramount Resources from C$12.00 to C$7.00 and set an “equal weight” rating on the stock in a report on Thursday, July 7th. Finally, CIBC raised their target price on Paramount Resources from C$12.00 to C$13.00 in a report on Friday, July 8th. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of C$14.70.
Paramount Resources (TSE:POU) traded up 1.50% on Thursday, hitting $16.89. The company had a trading volume of 408,424 shares. The stock’s market capitalization is $1.79 billion. Paramount Resources has a one year low of $2.86 and a one year high of $17.36. The stock has a 50 day moving average of $14.74 and a 200-day moving average of $10.93.
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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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