Paramount Resources, Ltd. (POU) Insider Darrel S. Purdy Sells 21,200 Shares
Paramount Resources, Ltd. (TSE:POU) insider Darrel S. Purdy sold 21,200 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of C$23.50, for a total transaction of C$498,200.00.
Shares of Paramount Resources, Ltd. (POU) traded up 2.17% during midday trading on Thursday, hitting $23.57. 592,567 shares of the stock traded hands. The firm has a 50-day moving average price of $20.99 and a 200 day moving average price of $19.12. Paramount Resources, Ltd. has a one year low of $12.60 and a one year high of $23.95. The stock has a market cap of $2.50 billion and a price-to-earnings ratio of 1.92.
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Several equities analysts have issued reports on the stock. Laurentian upped their price objective on shares of Paramount Resources from C$29.00 to C$30.00 in a research note on Friday, July 7th. Barclays PLC decreased their price objective on shares of Paramount Resources from C$25.00 to C$21.00 in a research note on Monday, July 24th. TD Securities upped their price objective 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, July 11th. Scotiabank downgraded shares of Paramount Resources from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from C$26.00 to C$24.50 in a research note on Monday, July 10th. Finally, BMO Capital Markets upped their price objective on shares of 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. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of C$23.25.
About Paramount Resources
Paramount Resources Ltd., an independent energy company, explores for, develops, produces, and markets natural gas, crude oil, and natural gas liquids in Canada. The company operates through three segments: Principal Properties, Strategic Investments, and Corporate. Its principal properties are located in Alberta and British Columbia.
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