Paramount Resources, Ltd. (POU) Given Consensus Recommendation of “Buy” by Brokerages
Paramount Resources, Ltd. (TSE:POU) has received a consensus rating of “Buy” from the twelve research firms that are currently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$23.25.
Several equities analysts have recently issued reports on the company. CSFB restated a “neutral” rating and set a C$17.00 target price on shares of Paramount Resources in a research report on Thursday, May 11th. BMO Capital Markets boosted their target price on Paramount Resources from C$19.00 to C$22.00 in a research report on Thursday, May 11th. Barclays PLC boosted their target price on Paramount Resources from C$22.00 to C$25.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 11th. TD Securities boosted their target price on Paramount Resources from C$17.50 to C$19.50 and gave the stock a “hold” rating in a research report on Tuesday, July 11th. Finally, Laurentian boosted their target price on Paramount Resources from C$29.00 to C$30.00 in a research report on Friday, July 7th.
Paramount Resources (TSE POU) opened at 21.05 on Wednesday. Paramount Resources has a one year low of $12.83 and a one year high of $22.41. The firm has a market capitalization of $2.24 billion and a PE ratio of 1.72. The firm has a 50 day moving average of $19.71 and a 200 day moving average of $18.61.
In other news, insider Bernard K. Lee purchased 10,000 shares of Paramount Resources stock in a transaction on Monday, July 10th. The stock was purchased at an average price of C$17.97 per share, with a total value of C$179,700.00. Also, insider Clayton H. Riddell purchased 2,000 shares of Paramount Resources stock in a transaction on Wednesday, July 12th. The shares were purchased at an average cost of C$18.68 per share, with a total value of C$37,360.00.
Paramount Resources Company Profile
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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