Several other equities research analysts also recently weighed in on POU. Barclays PLC decreased their price target on shares of Paramount Resources from C$25.00 to C$21.00 in a research note on Monday, July 24th. Raymond James Financial, Inc. lifted their price target on shares of Paramount Resources from C$26.00 to C$31.00 and gave the company a strong-buy rating in a research note on Monday, September 18th. BMO Capital Markets reaffirmed a market perform rating and issued a C$26.00 price target on shares of Paramount Resources in a research note on Tuesday, October 10th. Royal Bank Of Canada lifted their price target on shares of Paramount Resources from C$22.00 to C$27.00 and gave the company a sector perform rating in a research note on Friday. Finally, Scotiabank lifted their price target on shares of Paramount Resources from C$26.00 to C$28.00 and gave the company a sector perform rating in a research note on Friday. Six investment 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 stock. The company has a consensus rating of Hold and a consensus price target of C$27.75.
Paramount Resources (POU) traded up C$0.03 on Monday, reaching 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 12-month low of C$14.60 and a 12-month high of C$25.57.
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In other news, Director Robert M. Macdonald purchased 1,500 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were acquired at an average cost of C$23.15 per share, for a total transaction of C$34,725.00. Also, Director Dirk Jungé sold 4,508 shares of the business’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. Over the last 90 days, insiders have purchased 184,500 shares of company stock worth $4,554,275 and have sold 39,708 shares worth $889,160.
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.
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