BMO Capital Markets Raises Paramount Resources, Ltd. (POU) Price Target to C$25.00
Paramount Resources, Ltd. (TSE:POU) had its target price lifted by BMO Capital Markets from C$22.00 to C$25.00 in a research report issued on Monday. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price target would suggest a potential upside of 19.05% from the company’s current price.
Several other research firms have also weighed in on POU. Raymond James Financial, Inc. set a C$27.50 price target on Paramount Resources and gave the company a “strong-buy” rating in a research report on Tuesday, February 21st. TD Securities lowered Paramount Resources to a “hold” rating and lifted their price target for the company from C$14.50 to C$16.50 in a research report on Thursday, May 11th. Scotiabank restated an “outperform” rating and set a C$22.00 price target on shares of Paramount Resources in a research report on Friday, March 10th. CSFB restated a “neutral” rating and set a C$17.00 price target on shares of Paramount Resources in a research report on Thursday, May 11th. Finally, Royal Bank Of Canada lifted their price target on Paramount Resources from C$22.00 to C$23.00 and gave the company a “sector perform” rating in a research report on Thursday, February 16th. Six equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Paramount Resources has a consensus rating of “Buy” and an average target price of C$20.23.
Shares of Paramount Resources (TSE:POU) traded up 2.18% during trading on Monday, hitting $21.10. The stock had a trading volume of 367,440 shares. The firm has a 50 day moving average price of $19.75 and a 200-day moving average price of $17.57. The stock has a market capitalization of $2.24 billion and a price-to-earnings ratio of 1.83. Paramount Resources has a 52 week low of $8.01 and a 52 week high of $22.41.
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About Paramount Resources
Paramount Resources Ltd. is an energy company. The Company explores and develops unconventional and conventional petroleum and natural gas prospects, including long-term unconventional exploration and pre-development projects, and holds a portfolio of investments in other entities. The Company’s segments include Principal Properties, Strategic Investments and Corporate.
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