Analysis: Paramount Resources (TSE:POU) Stock Target Upgraded Today
In a recent report announced by National Bank Financial on 3 December, the firm, Paramount Resources (TSE:POU), had their target price per share downgraded to $14.00. Analusts at present have a solid Sector Perform rating on the stock.
From a total of 16 analysts covering Paramount Resources Ltd. (TSE:POU) stock, 6 rate it a ”Buy”, 0 a “Sell”, and 10 a ”Hold”. This means that 38% of the ratings are positive. The highest target price is $18.69 while the lowest target price is $10.47. The mean of all analyst targets is $13.77 with a 163.60% above today’s ($8.05) stock price. Paramount Resources Ltd. was the topic of 17 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Raymond James downgraded shares on November 5 to “Outperform” rating.
Approximately 472,154 shares of stock traded hands. Paramount Resources, Ltd. (TSE:POU) has declined 77.14% since April 30, 2015 and is downtrending. It has underperformed by 76.85% the S&P500.
Paramount Resources Ltd. is a Canada firm that explores for and develops conventional petroleum and natural gas prospects, pursues long-term non-conventional exploration and pre-development projects and holds a portfolio of investments in other entities. The company has a market cap of $855.18 million. Paramount’s business divisions include Principal Properties and Strategic Investments. It currently has negative earnings. The Company’s Principal Properties segment includes the Company’s four Corporate Operating Units, which are involved in the exploration, development, production and marketing of crude oil, natural gas and natural gas liquids.