RBC Capital Markets Raises Paramount Resources, Ltd. (POU) Price Target to C$18.00
Paramount Resources, Ltd. (TSE:POU) had its target price hoisted by research analysts at RBC Capital Markets from C$16.00 to C$18.00 in a research note issued to investors on Thursday. RBC Capital Markets’ price objective suggests a potential upside of 8.17% from the stock’s previous close.
A number of other research analysts have also weighed in on the stock. National Bank Financial cut their target price on shares of Paramount Resources from C$15.50 to C$14.50 in a report on Wednesday, August 3rd. Barclays PLC dropped their price objective on shares of Paramount Resources from C$12.00 to C$7.00 and set an “equal weight” rating for the company in a research note on Thursday, July 7th. Raymond James Financial Inc. lifted their price objective on shares of Paramount Resources from C$17.50 to C$19.50 in a research note on Wednesday, September 14th. Scotiabank lifted their price objective on shares of Paramount Resources from C$11.50 to C$16.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 27th. Finally, TD Securities dropped their price objective on shares of Paramount Resources from C$16.00 to C$15.50 and set a “hold” rating for the company in a research note 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. The stock currently has an average rating of “Hold” and an average price target of C$14.57.
Shares of Paramount Resources (TSE:POU) traded up 2.82% on Thursday, hitting $17.11. 295,577 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $14.74 and its 200 day moving average is $10.93. Paramount Resources has a 12 month low of $2.86 and a 12 month high of $17.36. The firm’s market cap is $1.82 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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