Paramount Resources, Ltd. (POU) PT Raised to C$18.00
Paramount Resources, Ltd. (TSE:POU) had its price target upped by stock analysts at Royal Bank Of Canada from C$16.00 to C$18.00 in a report issued on Thursday, StockTargetPrices.com reports. Royal Bank Of Canada’s price objective would indicate a potential upside of 6.57% from the company’s previous close.
A number of other research analysts have also recently commented on POU. Barclays PLC increased their target price on shares of Paramount Resources from C$16.00 to C$17.00 in a report on Tuesday. FirstEnergy Capital raised their price objective on shares of Paramount Resources from C$11.50 to C$13.50 in a report on Tuesday, August 9th. TD Securities raised their price objective on shares of Paramount Resources from C$10.50 to C$16.50 and gave the company a “hold” rating in a report on Wednesday, July 27th. CIBC raised their price objective on shares of Paramount Resources from C$12.00 to C$13.00 in a report on Friday, July 8th. Finally, Raymond James Financial Inc. raised their price objective on shares of Paramount Resources from C$19.50 to C$20.50 and gave the company an “outperform” rating in a report on Monday, September 26th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of C$14.70.
Shares of Paramount Resources (TSE:POU) traded up 1.50% during midday trading on Thursday, hitting $16.89. 408,424 shares of the stock traded hands. The firm’s 50-day moving average is $14.74 and its 200 day moving average is $10.93. The company’s market capitalization is $1.79 billion. Paramount Resources has a 52 week low of $2.86 and a 52 week high of $17.36.
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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.
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