Paramount Resources Cl A (TSX: POU), the Materials sector company, was revisited by a Wall Street analyst yesterday. The company received a Hold rating from RBC Capital’s analyst Michael Harvey, with a C$16 price target.
According to TipRanks.com, Harvey is ranked #1009 out of 4879 analysts.
Currently, the analyst consensus on Paramount Resources Cl A is a Hold with an average price target of C$19.10.
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$45.33 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 Friday at C$13.31, close to its 52-week low of C$12.26.
