Today, an analyst has provided a rating update for Paramount Resources Cl A (POU). The company received a Hold rating from TD Securities’ analyst Juan Jarrah, with a C$12 price target.
According to TipRanks.com, Jarrah ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -18.8% and a 16.2% success rate. Jarrah covers the Basic Materials sector, focusing on stocks such as Paramount Resources Ltd, Crescent Point Energy, and Bellatrix Exploration.
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Paramount Resources Cl A has an analyst consensus of Hold, with a price target consensus of C$15.42, implying an 83.8% upside from current levels. In a report issued on October 31, Desjardins also reiterated a Hold rating on the stock with a C$16.50 price target.
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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 Friday at C$8.39.
