Clayton H. Riddell Acquires 80,000 Shares of Paramount Resources, Ltd. (POU) Stock
Paramount Resources, Ltd. (TSE:POU) insider Clayton H. Riddell purchased 80,000 shares of the firm’s stock in a transaction dated Thursday, September 21st. The stock was acquired at an average price of C$25.00 per share, for a total transaction of C$2,000,000.00.
Paramount Resources, Ltd. (TSE:POU) traded up 1.42% during midday trading on Thursday, hitting $24.99. The company had a trading volume of 701,674 shares. Paramount Resources, Ltd. has a 52 week low of $12.60 and a 52 week high of $25.57. The firm has a market capitalization of $2.65 billion and a P/E ratio of 2.04. The firm’s 50 day moving average is $21.32 and its 200-day moving average is $19.28.
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POU has been the topic of several recent analyst reports. Laurentian Bank of Canada lifted their price target on Paramount Resources from C$29.00 to C$30.00 in a research note on Friday, July 7th. BMO Capital Markets lifted their price target 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. Scotiabank lowered Paramount Resources from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from C$26.00 to C$24.50 in a research note on Monday, July 10th. TD Securities lifted their price target on 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. Finally, Laurentian lifted their price target on Paramount Resources from C$29.00 to C$30.00 in a research note on Friday, July 7th. Five investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Paramount Resources currently has an average rating of “Buy” and an average price target of C$23.42.
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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