Paramount Resources (OTCMKTS:PRMRF) had its target price boosted by investment analysts at BMO Capital Markets from $12.00 to $14.00 in a research note issued to investors on Thursday, The Fly reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price target would suggest a potential upside of 63.14% from the stock’s current price.
Other equities analysts also recently issued reports about the stock. TD Securities lifted their target price on shares of Paramount Resources from $2.50 to $3.25 and gave the stock a “hold” rating in a research note on Monday, November 9th. CIBC lifted their price target on shares of Paramount Resources from $9.00 to $11.50 and gave the company a “neutral” rating in a research report on Thursday. National Bank Financial reiterated a “sector perform” rating on shares of Paramount Resources in a research report on Friday, February 19th. Scotiabank raised their target price on Paramount Resources from $3.50 to $4.50 and gave the stock an “underperform” rating in a research note on Thursday, January 14th. Finally, Stifel Nicolaus upped their price target on Paramount Resources from $11.75 to $14.00 and gave the company a “buy” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $8.63.
OTCMKTS PRMRF opened at $8.58 on Thursday. The business’s fifty day simple moving average is $6.91 and its 200-day simple moving average is $3.64. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.46. The firm has a market cap of $1.15 billion, a PE ratio of -4.23 and a beta of 3.85. Paramount Resources has a 52 week low of $0.58 and a 52 week high of $9.37.
Paramount Resources Ltd., an independent energy company, explores for, develops, produces, and markets natural gas, crude oil, and natural gas liquids in Canada. Its principal properties are the Montney and Duvernay developments located in Alberta and British Columbia. The company also invests in public and private corporations.
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