Paramount Resources, Ltd. (POU) Director Robert M. Macdonald Acquires 1,500 Shares
Paramount Resources, Ltd. (TSE:POU) Director Robert M. Macdonald acquired 1,500 shares of the stock in a transaction on Friday, September 15th. The shares were purchased at an average price of C$23.15 per share, with a total value of C$34,725.00.
Shares of Paramount Resources, Ltd. (TSE POU) traded down 1.40% during trading on Friday, hitting $23.24. 1,646,179 shares of the stock traded hands. The company has a 50 day moving average price of $21.09 and a 200 day moving average price of $19.16. The firm has a market cap of $2.47 billion and a price-to-earnings ratio of 1.90. Paramount Resources, Ltd. has a 12 month low of $12.60 and a 12 month high of $23.95.
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POU has been the topic of a number of research reports. BMO Capital Markets boosted their target price on shares of Paramount Resources from C$22.00 to C$25.00 and gave the stock an “outperform” rating in a research note on Monday, June 12th. Barclays PLC reduced their price objective on shares of Paramount Resources from C$25.00 to C$21.00 in a research note on Monday, July 24th. Laurentian Bank of Canada boosted their price objective on shares of Paramount Resources from C$29.00 to C$30.00 in a research note on Friday, July 7th. Laurentian boosted their price objective on shares of Paramount Resources from C$29.00 to C$30.00 in a research note on Friday, July 7th. Finally, TD Securities boosted their price objective on shares of Paramount Resources from C$17.50 to C$19.50 and gave the stock a “hold” rating in a research note on Tuesday, July 11th. Five analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of C$23.25.
Paramount Resources Company Profile
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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