Paramount Resources Ltd. (TSE:POU) had its price objective upped by GMP Securities from C$25.50 to C$29.00 in a research report issued on Monday. GMP Securities’ target price points to a potential upside of 16.70% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Laurentian raised their price target on shares of Paramount Resources from C$33.00 to C$35.00 in a research note on Monday. Raymond James Financial, Inc. raised their price target on shares of Paramount Resources from C$32.50 to C$36.00 and gave the stock a “strong-buy” rating in a research note on Friday. TD Securities raised their price target on shares of Paramount Resources from C$23.00 to C$27.00 and gave the stock a “hold” rating in a research note on Friday. Royal Bank Of Canada lifted their target price on shares of Paramount Resources from C$22.00 to C$27.00 and gave the stock a “sector perform” rating in a research note on Friday. Finally, Barclays PLC reduced their target price on shares of Paramount Resources from C$25.00 to C$21.00 in a research note on Monday, July 24th. Six 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 stock. Paramount Resources currently has an average rating of “Hold” and a consensus target price of C$27.75.

Paramount Resources (TSE POU) traded down C$0.08 during trading hours on Monday, hitting C$24.85. 301,445 shares of the stock traded hands, 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 news, Director Robert M. Macdonald purchased 1,500 shares of the stock in a transaction on Friday, September 15th. The stock was bought at an average price of C$23.15 per share, for a total transaction of C$34,725.00. Also, insider Clayton H. Riddell purchased 100,000 shares of the stock in a transaction on Wednesday, September 20th. The shares were purchased at an average price of C$24.45 per share, with a total value of C$2,445,000.00. In the last 90 days, insiders purchased 184,500 shares of company stock valued at $4,554,275 and 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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