Paramount Resources, Ltd. (TSE:POU) had its price target increased by equities research analysts at Royal Bank Of Canada from C$16.00 to C$18.00 in a note issued to investors on Thursday, reports. Royal Bank Of Canada’s target price would suggest a potential upside of 6.57% from the stock’s current price.

POU has been the subject of several other research reports. Raymond James Financial Inc. boosted their price objective on Paramount Resources from C$17.50 to C$19.50 in a research report on Wednesday, September 14th. RBC Capital Markets boosted their price objective on Paramount Resources from C$10.00 to C$15.00 and gave the company a “sector perform” rating in a research report on Friday, August 19th. CSFB reiterated a “neutral” rating and issued a C$13.50 price objective on shares of Paramount Resources in a research report on Monday, August 22nd. CIBC boosted their price objective on Paramount Resources from C$12.00 to C$13.00 in a research report on Friday, July 8th. Finally, TD Securities decreased their target price on Paramount Resources from C$16.00 to C$15.50 and set a “hold” rating for the company in a report on Tuesday, September 27th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of C$14.70.

Analyst Recommendations for Paramount Resources (TSE:POU)

Paramount Resources (TSE:POU) traded up 1.50% during trading on Thursday, reaching $16.89. 408,424 shares of the company’s stock were exchanged. The stock’s market cap is $1.79 billion. Paramount Resources has a 12 month low of $2.86 and a 12 month high of $17.36. The firm has a 50 day moving average of $14.74 and a 200-day moving average of $10.93.

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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.

Stock Target Prices

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