Raymond James Maintains Their Hold Rating on Paramount Resources (PRMRF)

Raymond James analyst Chris Cox maintained a Hold rating on Paramount Resources (PRMRF) today and set a price target of C$2.75. The company’s shares closed last Wednesday at $1.91.

According to TipRanks.com, Cox is a 1-star analyst with an average return of -1.3% and a 48.1% success rate. Cox covers the Utilities sector, focusing on stocks such as Painted Pony Petroleum, Crescent Point Energy, and Advantage Oil & Gas.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Paramount Resources with a $1.50 average price target, implying a -14.3% downside from current levels. In a report released today, TD Securities also maintained a Hold rating on the stock with a C$2.50 price target.

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The company has a one-year high of $6.03 and a one-year low of $0.58. Currently, Paramount Resources has an average volume of 9,220.

Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is neutral on the stock.

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Paramount Resources Ltd. explores and develops both conventional and unconventional petroleum and natural gas resources. It operates through the following regions: Grande Prairie Region, Kaybob Region and Central Alberta and Other Region. The company was founded by Clayton H. Riddell on February 14, 1978 and is headquartered in Calgary, Canada.

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