Paramount Resources, Ltd. (TSE:POU) insider Darrel S. Purdy sold 21,200 shares of Paramount Resources stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of C$8.17, for a total value of C$173,204.00.

Shares of Paramount Resources, Ltd. (TSE:POU) traded up 1.21% during midday trading on Thursday, hitting $20.06. The stock had a trading volume of 214,838 shares. Paramount Resources, Ltd. has a one year low of $11.55 and a one year high of $22.41. The firm’s 50-day moving average is $19.25 and its 200 day moving average is $18.11. The company has a market capitalization of $2.13 billion and a PE ratio of 1.74.

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Several research firms have weighed in on POU. Raymond James Financial, Inc. lifted their target price on Paramount Resources from C$25.00 to C$29.00 and gave the company a “strong-buy” rating in a research note on Thursday, May 11th. Laurentian Bank of Canada lifted their target price on Paramount Resources from C$29.00 to C$30.00 in a research note on Friday, July 7th. Scotiabank reaffirmed an “outperform” rating and set a C$24.00 target price on shares of Paramount Resources in a research note on Tuesday, May 2nd. Barclays PLC lowered their target price on Paramount Resources from C$25.00 to C$21.00 in a research note on Monday. Finally, BMO Capital Markets lifted their target price on Paramount Resources from C$22.00 to C$25.00 and gave the company an “outperform” rating in a research note on Monday, June 12th. Six research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of C$21.37.

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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