On March 8, an analyst has provided a rating update for the Materials sector company, Paramount Resources Cl A (POU). The company received a Sell on March 8 from Scotiabank’s analyst Cameron Bean, with a C$7.50 price target.
According to TipRanks.com, Bean ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -8.8% and a 37.3% success rate. Bean covers the Basic Materials sector, focusing on stocks such as Paramount Resources Ltd, Bellatrix Exploration, and Birchcliff Energy Ltd.
Paramount Resources Cl A has an analyst consensus of Hold, with a price target consensus of C$9.86.
Paramount Resources Cl A’s market cap is currently C$966.4M 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.
