Paramount Resources, Ltd. (TSE:POU) insider Clayton H. Riddell bought 2,000 shares of the stock in a transaction that occurred on Wednesday, July 12th. The shares were purchased at an average price of C$18.68 per share, for a total transaction of C$37,360.00.

Shares of Paramount Resources, Ltd. (TSE:POU) traded up 0.76% during mid-day trading on Thursday, reaching $18.53. 204,590 shares of the company’s stock traded hands. The company has a market cap of $1.97 billion and a P/E ratio of 1.60. Paramount Resources, Ltd. has a 12-month low of $11.55 and a 12-month high of $22.41. The company’s 50 day moving average is $20.38 and its 200 day moving average is $17.89.

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POU has been the topic of a number of analyst reports. BMO Capital Markets lifted their target price on shares of Paramount Resources from C$19.00 to C$22.00 in a research note on Thursday, May 11th. TD Securities lifted their target price on shares of Paramount Resources from C$17.50 to C$19.50 and gave the company a “hold” rating in a research note on Tuesday. Laurentian lifted their target price on shares of Paramount Resources from C$29.00 to C$30.00 in a research note on Friday, July 7th. CSFB restated a “neutral” rating and set a C$17.00 target price on shares of Paramount Resources in a research note on Thursday, May 11th. Finally, Scotiabank cut shares of Paramount Resources from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from C$26.00 to C$24.50 in a research note on Monday. Seven investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of C$21.63.

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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