Paramount Resources, Ltd. (TSE:POU) Given New C$19.50 Price Target at TD Securities
Paramount Resources, Ltd. (TSE:POU) had its target price lifted by investment analysts at TD Securities from C$17.50 to C$19.50 in a note issued to investors on Tuesday. The firm currently has a “hold” rating on the stock. TD Securities’ target price would suggest a potential upside of 6.50% from the stock’s previous close.
A number of other equities research analysts have also issued reports on the company. Scotiabank lowered Paramount Resources from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from C$26.00 to C$24.50 in a research report on Monday. Laurentian Bank of Canada upped their price target on Paramount Resources from C$29.00 to C$30.00 in a research report on Friday. Laurentian upped their price target on Paramount Resources from C$29.00 to C$30.00 in a research report on Friday. BMO Capital Markets upped their price target on Paramount Resources from C$22.00 to C$25.00 and gave the company an “outperform” rating in a research report on Monday, June 12th. Finally, Barclays PLC upped their price target on Paramount Resources from C$22.00 to C$25.00 and gave the company an “equal weight” rating in a research report on Thursday, May 11th. Seven investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of C$21.63.
Paramount Resources (TSE:POU) traded up 0.87% during mid-day trading on Tuesday, reaching $18.47. The company had a trading volume of 121,693 shares. The stock’s 50-day moving average is $20.38 and its 200 day moving average is $17.89. The firm has a market capitalization of $1.96 billion and a P/E ratio of 1.60. Paramount Resources has a 12 month low of $11.55 and a 12 month high of $22.41.
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In other news, insider Bernard K. Lee purchased 10,000 shares of the business’s stock in a transaction on Monday, July 10th. The stock was purchased at an average price of C$17.97 per share, with a total value of C$179,700.00.
Paramount Resources Company Profile
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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