Shares of Paramount Resources, Ltd. (TSE:POU) have been given an average recommendation of “Buy” by the thirteen research firms that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$28.04.
POU has been the topic of a number of analyst reports. Raymond James Financial increased their price target on Paramount Resources from C$32.50 to C$36.00 and gave the company a “strong-buy” rating in a research note on Friday, November 10th. TD Securities increased their price target on Paramount Resources from C$23.00 to C$27.00 and gave the company a “hold” rating in a research note on Friday, November 10th. CIBC cut their price target on Paramount Resources from C$26.00 to C$23.00 in a research note on Tuesday, January 23rd. National Bank Financial cut their price target on Paramount Resources from C$28.00 to C$26.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 9th. Finally, Desjardins increased their price target on Paramount Resources from C$24.00 to C$26.50 in a research note on Monday, November 13th.
Paramount Resources (TSE POU) traded up C$0.09 during mid-day trading on Wednesday, hitting C$17.22. The stock had a trading volume of 214,500 shares, compared to its average volume of 408,326. The firm has a market cap of $2,330.00, a P/E ratio of 3.76 and a beta of 2.07. Paramount Resources has a one year low of C$14.39 and a one year high of C$25.57.
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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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