Insider Buying: Paramount Resources, Ltd. (POU) Insider Acquires 7,600 Shares of Stock

Paramount Resources, Ltd. (TSE:POU) insider Rodrigo Sousa acquired 7,600 shares of the stock in a transaction dated Wednesday, February 7th. The stock was acquired at an average cost of C$16.85 per share, with a total value of C$128,060.00.

Rodrigo Sousa also recently made the following trade(s):

  • On Wednesday, December 13th, Rodrigo Sousa acquired 600 shares of Paramount Resources stock. The stock was acquired at an average cost of C$17.80 per share, with a total value of C$10,680.00.
  • On Monday, December 11th, Rodrigo Sousa acquired 2,000 shares of Paramount Resources stock. The stock was acquired at an average cost of C$18.20 per share, with a total value of C$36,400.00.
  • On Thursday, December 7th, Rodrigo Sousa acquired 2,500 shares of Paramount Resources stock. The stock was acquired at an average cost of C$18.34 per share, with a total value of C$45,850.00.

Shares of Paramount Resources, Ltd. (TSE:POU) traded down C$1.17 during trading on Wednesday, reaching C$16.38. The company had a trading volume of 496,731 shares, compared to its average volume of 367,149. Paramount Resources, Ltd. has a twelve month low of C$14.60 and a twelve month high of C$25.57. The company has a market cap of $2,210.00, a price-to-earnings ratio of 3.58 and a beta of 2.07.

Paramount Resources (TSE:POU) last issued its earnings results on Thursday, November 9th. The company reported C$0.60 EPS for the quarter, beating analysts’ consensus estimates of C($0.47) by C$1.07. Paramount Resources had a return on equity of 10.79% and a net margin of 65.60%. The business had revenue of C$116.54 million during the quarter, compared to analyst estimates of C$116.00 million.

Several research analysts have recently weighed in on POU shares. BMO Capital Markets reissued a “market perform” rating and issued a C$26.00 price objective on shares of Paramount Resources in a research report on Tuesday, October 10th. Barclays lifted their price objective on Paramount Resources from C$21.00 to C$22.00 in a research report on Monday, October 30th. Raymond James Financial lifted their price objective on Paramount Resources from C$32.50 to C$36.00 and gave the stock a “strong-buy” rating in a research report on Friday, November 10th. Royal Bank of Canada lifted their price objective on Paramount Resources from C$22.00 to C$27.00 and gave the stock a “sector perform” rating in a research report on Friday, November 10th. Finally, Scotiabank lifted their price objective on Paramount Resources from C$26.00 to C$28.00 and gave the stock a “sector perform” rating in a research report on Friday, November 10th. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of C$28.04.

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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.

Insider Buying and Selling by Quarter for Paramount Resources (TSE:POU)

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