Paramount Resources, Ltd. (POU) Price Target Increased to C$22.00 by Analysts at Barclays PLC
Paramount Resources, Ltd. (TSE:POU) had its price objective raised by equities research analysts at Barclays PLC from C$21.00 to C$22.00 in a report issued on Monday. Barclays PLC’s target price suggests a potential upside of 0.69% from the company’s previous close.
POU has been the topic of a number of other research reports. BMO Capital Markets reissued a “market perform” rating and set a C$26.00 price objective on shares of Paramount Resources in a report on Tuesday, October 10th. Laurentian boosted their price objective on shares of Paramount Resources from C$29.00 to C$30.00 in a report on Friday, July 7th. Laurentian Bank of Canada boosted their price objective on shares of Paramount Resources from C$29.00 to C$30.00 in a report on Friday, July 7th. Raymond James Financial, Inc. boosted their price objective on shares of 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. 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 report on Tuesday, July 11th. Six equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of C$23.58.
Shares of Paramount Resources (TSE POU) traded down 0.32% on Monday, reaching $21.85. 496,937 shares of the company were exchanged. The stock has a 50 day moving average of $23.02 and a 200-day moving average of $20.59. Paramount Resources has a 52-week low of $13.43 and a 52-week high of $25.57. The company has a market capitalization of $2.32 billion and a P/E ratio of 1.78.
In other news, insider Clayton H. Riddell acquired 100,000 shares of the business’s stock in a transaction dated Wednesday, September 20th. The stock was acquired at an average price of C$24.45 per share, with a total value of C$2,445,000.00. Also, insider Michael S. Han sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of C$21.49, for a total transaction of C$128,940.00. In the last three months, insiders bought 184,500 shares of company stock valued at $4,554,275 and sold 47,708 shares valued at $1,065,160.
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.
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