Paramount Resources (POU) Price Target Cut to C$26.00

Paramount Resources (TSE:POU) had its price objective decreased by National Bank Financial from C$28.00 to C$26.00 in a research report report published on Tuesday morning. National Bank Financial currently has an outperform rating on the stock.

A number of other analysts also recently issued reports on POU. GMP Securities raised their price target on shares of Paramount Resources from C$25.50 to C$29.00 in a report on Monday, November 13th. Laurentian raised their price target on shares of Paramount Resources from C$33.00 to C$35.00 in a report on Monday, November 13th. CSFB raised their price target on shares of Paramount Resources from C$23.00 to C$26.50 in a report on Monday, November 13th. Royal Bank of Canada raised their price target on shares of Paramount Resources from C$22.00 to C$27.00 and gave the stock a sector perform rating in a report on Friday, November 10th. Finally, Barclays raised their price target on shares of Paramount Resources from C$21.00 to C$22.00 in a report on Monday, October 30th. Six research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Hold and a consensus price target of C$27.62.

Shares of Paramount Resources (TSE:POU) traded down C$0.56 during midday trading on Tuesday, hitting C$18.13. 494,176 shares of the stock were exchanged, compared to its average volume of 378,927. The firm has a market cap of $2,520.00, a P/E ratio of 3.96 and a beta of 2.18. Paramount Resources has a fifty-two week low of C$14.60 and a fifty-two week high of C$25.57.

In related news, Director Dirk Jungé sold 4,508 shares of Paramount Resources stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of C$20.59, for a total value of C$92,819.72. Also, insider Clayton H. Riddell bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was bought at an average price of C$16.59 per share, with a total value of C$165,900.00. In the last quarter, insiders purchased 80,100 shares of company stock valued at $1,650,580 and sold 14,308 shares valued at $301,530.

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Paramount Resources Company Profile

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.

Analyst Recommendations for Paramount Resources (TSE:POU)

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