Raymond James Raises Paramount Resources (OTCMKTS:PRMRF) Price Target to $10.00

Paramount Resources (OTCMKTS:PRMRF) had its price target raised by Raymond James from $7.00 to $10.00 in a report released on Thursday, The Fly reports. The firm currently has a “market perform” rating on the stock. Raymond James’ target price suggests a potential upside of 16.53% from the stock’s previous close.

PRMRF has been the topic of a number of other reports. CIBC boosted their price target on shares of Paramount Resources from $9.00 to $11.50 and gave the stock a “neutral” rating in a research note on Thursday. Royal Bank of Canada boosted their target price on Paramount Resources from $5.00 to $10.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 9th. National Bank Financial reissued a “sector perform” rating on shares of Paramount Resources in a report on Friday, February 19th. Stifel Nicolaus upped their price objective on Paramount Resources from $11.75 to $14.00 and gave the stock a “buy” rating in a report on Thursday. Finally, TD Securities increased their price objective on Paramount Resources from $2.50 to $3.25 and gave the stock a “hold” rating in a research report on Monday, November 9th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $8.63.

Shares of PRMRF opened at $8.58 on Thursday. The stock has a market capitalization of $1.15 billion, a P/E ratio of -4.23 and a beta of 3.85. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.59 and a current ratio of 0.59. Paramount Resources has a 1 year low of $0.58 and a 1 year high of $9.37. The company’s fifty day moving average is $6.91 and its two-hundred day moving average is $3.64.

Paramount Resources Company Profile

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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