Paramount Resources Ltd. (TSE:POU) had its price objective hoisted by stock analysts at Barclays PLC from C$22.00 to C$26.00 in a research report issued on Monday. Barclays PLC’s price target suggests a potential upside of 4.63% from the stock’s current price.

A number of other research analysts also recently issued reports on the company. CSFB boosted their price objective on Paramount Resources from C$23.00 to C$26.50 in a research note on Monday. Desjardins boosted their price objective on Paramount Resources from C$24.00 to C$26.50 in a research note on Monday. GMP Securities boosted their price objective on Paramount Resources from C$25.50 to C$29.00 in a research note on Monday. Laurentian boosted their price objective on Paramount Resources from C$33.00 to C$35.00 in a research note on Monday. Finally, TD Securities boosted their price objective on Paramount Resources from C$23.00 to C$27.00 and gave the company a “hold” rating in a research note on Friday. Six research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of C$27.75.

Shares of Paramount Resources (TSE POU) traded down C$0.08 during trading hours on Monday, hitting C$24.85. The stock had a trading volume of 301,445 shares, compared to its average volume of 368,454. Paramount Resources has a 12 month low of C$13.99 and a 12 month high of C$25.57.

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In other Paramount Resources news, Director Robert M. Macdonald bought 1,500 shares of Paramount Resources stock in a transaction dated Friday, September 15th. The stock was bought at an average cost of C$23.15 per share, with a total value of C$34,725.00. Also, insider Clayton H. Riddell bought 80,000 shares of Paramount Resources stock in a transaction dated Thursday, September 21st. The stock was acquired at an average cost of C$25.00 per share, with a total value of C$2,000,000.00. Over the last three months, insiders have acquired 184,500 shares of company stock valued at $4,554,275 and have sold 39,708 shares valued at $889,160.

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.

Analyst Recommendations for Paramount Resources (TSE:POU)

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