A Wall Street analyst has provided a rating update for the Materials sector company on March 8, while remaining neutral on the stock. Analyst Kristopher Zack remains neutral on Paramount Resources Cl A (POU) and has a C$9.50 price target.
According to TipRanks.com, Zack has 0 stars on 0-5 star ranking scale with an average return of -17.0% and a 20.1% success rate. Zack covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Athabasca Oil Corporation, 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, representing a 35.6% upside. In a report issued on March 7, BMO Capital also reiterated a Hold rating on the stock with a C$9 price target.
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The company has a one-year high of C$18.69 and a one-year low of C$5.75. Currently, Paramount Resources Cl A has an average volume of 507.6K.
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.
