Desjardins Increases Paramount Resources Ltd. (POU) Price Target to C$26.50

Paramount Resources Ltd. (TSE:POU) had its target price upped by equities researchers at Desjardins from C$24.00 to C$26.50 in a report issued on Monday. Desjardins’ price target would suggest a potential upside of 12.10% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. Barclays PLC dropped their price objective on shares of Paramount Resources from C$25.00 to C$21.00 in a research note on Monday, July 24th. GMP Securities boosted their price objective on shares of Paramount Resources from C$25.50 to C$29.00 in a research note on Monday. Laurentian boosted their price objective on shares of Paramount Resources from C$33.00 to C$35.00 in a research note on Monday. TD Securities boosted 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 research note on Friday, November 10th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a C$26.00 price objective on shares of Paramount Resources in a research note on Tuesday, October 10th. Six investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of C$27.75.

Paramount Resources (TSE POU) opened at C$23.64 on Monday. 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 related news, insider Darrel S. Purdy sold 21,200 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of C$23.50, for a total value of C$498,200.00. Also, insider Michael S. Han sold 6,000 shares of the business’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of C$21.49, for a total transaction of C$128,940.00. Over the last 90 days, insiders have acquired 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.

Analyst Recommendations for Paramount Resources (TSE:POU)

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