Shares of Paramount Resources Ltd. (OTCMKTS:PRMRF) traded up 0.8% during trading on Monday . The company traded as high as $4.49 and last traded at $4.49. 36,900 shares changed hands during mid-day trading, an increase of 215% from the average session volume of 11,700 shares. The stock had previously closed at $4.46.
A number of analysts have recently commented on the stock. National Bank Financial raised shares of Paramount Resources from an “underperform” rating to a “sector perform” rating in a research report on Friday, October 16th. TD Securities boosted their target price on shares of Paramount Resources from $2.50 to $3.25 and gave the stock a “hold” rating in a report on Monday, November 9th. Stifel Nicolaus boosted their target price on shares of Paramount Resources from $2.50 to $4.50 and gave the stock a “buy” rating in a report on Monday, November 9th. CIBC boosted their target price on shares of Paramount Resources from $3.50 to $5.00 and gave the stock a “neutral” rating in a report on Wednesday, December 16th. Finally, Scotiabank boosted their target price on shares of Paramount Resources from $2.25 to $3.50 and gave the stock an “underperform” rating in a report on Wednesday, November 18th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $3.44.
The stock has a market capitalization of $624.77 million, a price-to-earnings ratio of -4.32 and a beta of 3.68. The company’s fifty day simple moving average is $3.62 and its 200 day simple moving average is $2.25. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.44.
About Paramount Resources (OTCMKTS:PRMRF)
Paramount Resources Ltd., an independent energy company, explores for, develops, produces, and markets natural gas, crude oil, and natural gas liquids in Canada. Its principal properties are the Montney and Duvernay developments located in Alberta and British Columbia. The company also invests in public and private corporations.
Further Reading: Hold Rating
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