Paramount Resources (TSE:POU) Given “Hold” Rating at Tudor Pickering & Holt

Tudor Pickering & Holt restated their hold rating on shares of Paramount Resources (TSE:POU) in a report released on Friday morning, BayStreet.CA reports. Tudor Pickering & Holt currently has a C$7.00 price objective on the stock.

POU has been the subject of several other research reports. Raymond James reiterated an outperform rating and issued a C$8.00 price target on shares of Paramount Resources in a research report on Friday, November 8th. CIBC boosted their price objective on Paramount Resources from C$6.50 to C$7.50 in a research note on Friday, November 8th. Finally, Royal Bank of Canada decreased their price objective on Paramount Resources from C$9.00 to C$8.00 in a research report on Friday, October 18th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of C$8.18.

Shares of Paramount Resources stock traded up C$0.25 during trading hours on Friday, reaching C$6.74. The company’s stock had a trading volume of 287,846 shares, compared to its average volume of 381,359. The firm has a 50 day moving average price of C$5.84 and a 200-day moving average price of C$6.43. The company has a debt-to-equity ratio of 37.22, a current ratio of 0.69 and a quick ratio of 0.50. The stock has a market cap of $902.75 million and a P/E ratio of -3.85. Paramount Resources has a one year low of C$4.91 and a one year high of C$9.97.

Paramount Resources Company Profile

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 covering approximately 3.0 million net acres located in Alberta and British Columbia.

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Analyst Recommendations for Paramount Resources (TSE:POU)

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