Royal Bank Of Canada Raises Paramount Resources, Ltd. (POU) Price Target to C$18.00
Paramount Resources, Ltd. (TSE:POU) had its price objective boosted by Royal Bank Of Canada from C$16.00 to C$18.00 in a report published on Thursday, StockTargetPrices.com reports.
A number of other equities research analysts have also recently issued reports on POU. FirstEnergy Capital boosted their price objective on Paramount Resources from C$6.75 to C$7.25 in a report on Wednesday, June 15th. Raymond James Financial Inc. reduced their price objective on Paramount Resources from C$15.50 to C$13.50 and set an outperform rating for the company in a report on Friday, June 24th. BMO Capital Markets boosted their price objective on Paramount Resources from C$8.50 to C$9.50 in a report on Thursday, June 30th. Barclays PLC reduced their price objective on Paramount Resources from C$12.00 to C$7.00 and set an equal weight rating for the company in a report on Thursday, July 7th. Finally, CIBC boosted their price objective on Paramount Resources from C$12.00 to C$13.00 in a report on Friday, July 8th. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Paramount Resources currently has a consensus rating of Hold and a consensus target price of C$14.70.
Shares of Paramount Resources (TSE:POU) opened at 16.37 on Thursday. Paramount Resources has a 52-week low of $2.86 and a 52-week high of $17.36. The company’s 50-day moving average price is $15.01 and its 200-day moving average price is $11.17. The company’s market capitalization is $1.74 billion.
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.
Receive News & Ratings for Paramount Resources Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paramount Resources Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.