Paramount Resources, Ltd. (TSE:POU) Director Dirk Jungé sold 4,508 shares of the company’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of C$20.59, for a total transaction of C$92,819.72.
Shares of Paramount Resources, Ltd. (TSE POU) opened at 20.62 on Friday. Paramount Resources, Ltd. has a 12-month low of $12.60 and a 12-month high of $25.57. The company has a 50-day moving average of $23.03 and a 200 day moving average of $20.56. The firm has a market cap of $2.19 billion and a P/E ratio of 1.68.
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Several research firms have recently commented on POU. Scotiabank lowered shares of Paramount Resources from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from C$26.00 to C$24.50 in a research report on Monday, July 10th. TD Securities upped their price target on shares of Paramount Resources from C$17.50 to C$19.50 and gave the stock a “hold” rating in a research report on Tuesday, July 11th. Raymond James Financial, Inc. upped their price target on shares of Paramount Resources from C$26.00 to C$31.00 and gave the stock a “strong-buy” rating in a research report on Monday, September 18th. Laurentian Bank of Canada upped their price target on shares of Paramount Resources from C$29.00 to C$30.00 in a research report on Friday, July 7th. Finally, Barclays PLC lowered their price target on shares of Paramount Resources from C$25.00 to C$21.00 in a research report on Monday, July 24th. Six equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Paramount Resources currently has a consensus rating of “Hold” and a consensus price target of C$23.50.
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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