Paramount Resources, Ltd. (TSE:POU) had its price objective hoisted by Raymond James Financial Inc. from C$17.50 to C$19.50 in a report issued on Wednesday.

Several other research firms also recently weighed in on POU. RBC Capital Markets upped their price target on Paramount Resources from C$10.00 to C$15.00 and gave the stock a sector perform rating in a research note on Friday, August 19th. Royal Bank Of Canada upped their price objective on Paramount Resources from C$10.00 to C$15.00 and gave the stock a sector perform rating in a report on Friday, August 19th. CSFB reaffirmed a neutral rating and set a C$13.50 price objective on shares of Paramount Resources in a report on Monday, August 22nd. FirstEnergy Capital raised Paramount Resources from an underperform rating to a market perform rating in a report on Friday, August 12th. Finally, Scotiabank reaffirmed an outperform rating and set a C$16.00 price objective on shares of Paramount Resources in a report on Monday, August 8th. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of C$13.93.

Shares of Paramount Resources (TSE:POU) opened at 14.38 on Wednesday. Paramount Resources has a 12-month low of $2.86 and a 12-month high of $16.37. The company’s market cap is $1.53 billion. The company has a 50-day moving average of $13.65 and a 200 day moving average of $10.15.

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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