Several other equities analysts also recently issued reports on POU. Barclays PLC upped their price objective on shares of Paramount Resources from C$21.00 to C$22.00 in a report on Monday, October 30th. Scotiabank upped their price objective on shares of Paramount Resources from C$26.00 to C$28.00 and gave the company a sector perform rating in a report on Friday. BMO Capital Markets restated a market perform rating and set a C$26.00 price objective on shares of Paramount Resources in a report on Tuesday, October 10th. Royal Bank Of Canada upped their price objective on shares of Paramount Resources from C$22.00 to C$27.00 and gave the company a sector perform rating in a report on Friday. Finally, TD Securities upped their price objective on shares of Paramount Resources from C$23.00 to C$27.00 and gave the company a hold rating in a report on Friday. Six analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of C$27.75.
Paramount Resources (TSE POU) traded up C$0.03 during mid-day trading on Monday, hitting C$24.88. 286,171 shares of the company’s stock traded hands, compared to its average volume of 368,077. Paramount Resources has a 1-year low of C$14.60 and a 1-year high of C$25.57.
In related news, insider Michael S. Han sold 6,000 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of C$21.49, for a total value of C$128,940.00. Also, Director Robert M. Macdonald purchased 1,500 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was acquired at an average price of C$23.15 per share, for a total transaction of C$34,725.00. In the last quarter, insiders purchased 184,500 shares of company stock worth $4,554,275 and sold 39,708 shares worth $889,160.
About Paramount Resources
Paramount Resources Ltd. is an energy company. The Company explores and develops unconventional and conventional petroleum and natural gas prospects, including long-term unconventional exploration and pre-development projects, and holds a portfolio of investments in other entities. The Company’s segments include Principal Properties, Strategic Investments and Corporate.
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