Shares of Paramount Resources Cl A (POU) were revisited by a Wall Street analyst on March 8. Analyst Patrick O’rourke from AltaCorp Captial rated Paramount Resources Cl A (POU) a Buy on March 8, setting a C$13 price target.
According to TipRanks.com, O’rourke is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -5.3% and a 35.6% success rate. O’rourke covers the Basic Materials sector, focusing on stocks such as Painted Pony Petroleum Ltd, Tamarack Valley Energy Ltd, and Paramount Resources Ltd.
The word on The Street in general, suggests a Hold analyst consensus rating for Paramount Resources Cl A with a C$9.86 average price target.
Paramount Resources Cl A’s market cap is currently C$948.1M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.44.
Paramount Resources Ltd. engages in the exploration, development, production, processing, transportation, and marketing of natural gas, crude oil, and natural gas liquids. It operates through the following segments: Principal Properties, Strategic Investments, and Corporate.
The company’s shares closed on Monday at C$7.27, close to its 52-week low of C$5.75.
