Shares of Paramount Resources, Ltd. (TSE:POU) have been assigned an average rating of “Hold” from the twelve analysts that are presently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$23.50.

A number of equities analysts have issued reports on the company. Scotiabank cut Paramount Resources from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from C$26.00 to C$24.50 in a report on Monday, July 10th. Raymond James Financial, Inc. raised their target price on Paramount Resources from C$26.00 to C$31.00 and gave the stock a “strong-buy” rating in a report on Monday, September 18th. TD Securities raised their target price on Paramount Resources from C$17.50 to C$19.50 and gave the stock a “hold” rating in a report on Tuesday, July 11th. BMO Capital Markets restated a “market perform” rating and set a C$26.00 target price on shares of Paramount Resources in a report on Tuesday. Finally, Laurentian Bank of Canada raised their price target on Paramount Resources from C$29.00 to C$30.00 in a research report on Friday, July 7th.

Shares of Paramount Resources (TSE:POU) opened at 23.71 on Thursday. Paramount Resources has a 12-month low of $12.60 and a 12-month high of $25.57. The firm has a market cap of $2.52 billion and a P/E ratio of 1.94. The firm’s 50-day moving average price is $22.98 and its 200 day moving average price is $20.23.

COPYRIGHT VIOLATION NOTICE: This piece of content was first posted by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The correct version of this piece of content can be viewed at

In related news, insider Darrel S. Purdy sold 21,200 shares of Paramount Resources stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of C$8.17, for a total value of C$173,204.00. Also, insider Clayton H. Riddell bought 3,000 shares of the company’s stock in a transaction that occurred on Thursday, September 28th. The stock was purchased at an average cost of C$24.85 per share, for a total transaction of C$74,550.00. In the last three months, insiders purchased 184,500 shares of company stock worth $4,554,275 and sold 56,400 shares worth $976,344.

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.

Analyst Recommendations for Paramount Resources (TSE:POU)

Receive News & Ratings for Paramount Resources Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paramount Resources Ltd. and related companies with's FREE daily email newsletter.