Paramount Resources (TSE:POU) had its target price decreased by analysts at BMO Capital Markets from C$18.00 to C$11.00 in a research report issued to clients and investors on Friday. BMO Capital Markets’ price target suggests a potential upside of 24.15% from the company’s previous close.
POU has been the subject of a number of other research reports. TD Securities reduced their price objective on Paramount Resources from C$18.00 to C$16.00 in a research note on Thursday, August 9th. Royal Bank of Canada reduced their price objective on Paramount Resources from C$20.00 to C$18.00 and set a “sector perform” rating for the company in a research note on Thursday, August 9th. National Bank Financial reduced their price objective on Paramount Resources from C$21.50 to C$20.00 and set an “outperform” rating for the company in a research note on Friday. Finally, CIBC upped their price objective on Paramount Resources from C$17.50 to C$19.00 in a research note on Monday, October 15th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of C$21.52.
TSE:POU traded down C$0.77 during trading on Friday, reaching C$8.86. The company’s stock had a trading volume of 972,468 shares, compared to its average volume of 412,367. The company has a debt-to-equity ratio of 34.24, a quick ratio of 0.36 and a current ratio of 1.18. Paramount Resources has a 12 month low of C$8.08 and a 12 month high of C$24.99.
In other news, Director Dirk Jungé sold 3,000 shares of the company’s stock in a transaction on Friday, October 19th. The stock was sold at an average price of C$11.98, for a total transaction of C$35,940.00. Also, insider Clayton H. Riddell purchased 200,000 shares of the company’s stock in a transaction dated Monday, August 13th. The shares were purchased at an average cost of C$13.08 per share, for a total transaction of C$2,616,000.00.
Paramount Resources Company Profile
Paramount Resources Ltd., an independent energy company, explores for, develops, produces, and markets natural gas, crude oil, and natural gas liquids in Canada. Its principal properties are located in Alberta and British Columbia. The company also invests in public and private corporations. Paramount Resources Ltd.
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