Paramount Resources, Ltd. (TSE:POU) Insider Clayton H. Riddell Purchases 2,000 Shares
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.
TRADEMARK VIOLATION NOTICE: This news story was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another site, it was copied illegally and reposted in violation of United States & international copyright & trademark legislation. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/07/13/paramount-resources-ltd-tsepou-insider-clayton-h-riddell-purchases-2000-shares.html.
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.
Receive News & Ratings for Paramount Resources Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paramount Resources Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.