Paramount Resources Cl A (POU), the Materials sector company, has received a rating update from a Wall Street analyst today. Analyst Ray Kwan from BMO Capital rated Paramount Resources Cl A (POU) a Buy, setting a C$11 price target.
According to TipRanks.com, Kwan has 0 stars on 0-5 star ranking scale with an average return of -8.5% and a 33.8% success rate. Kwan covers the Basic Materials sector, focusing on stocks such as Paramount Resources Ltd, Pengrowth Energy Corp, and Crescent Point Energy.
The word on The Street in general, suggests a Hold analyst consensus rating for Paramount Resources Cl A with a C$15.75 average price target.
Based on Paramount Resources Cl A’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of C$135 million. In comparison, last year the company had a net profit of C$223 million.
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 Thursday at C$9.63, close to its 52-week low of C$9.35.