Paramount Resources Ltd. (TSE:POU) had its target price upped by equities researchers at CSFB from C$23.00 to C$26.50 in a research report issued on Monday. CSFB’s price objective points to a potential upside of 6.64% from the stock’s current price.

Other analysts have also issued reports about the stock. Barclays PLC lowered their price objective on shares of Paramount Resources from C$25.00 to C$21.00 in a report on Monday, July 24th. Desjardins raised their price objective on shares of Paramount Resources from C$24.00 to C$26.50 in a report on Monday. GMP Securities raised their price objective on shares of Paramount Resources from C$25.50 to C$29.00 in a report on Monday. Laurentian raised their price objective on shares of Paramount Resources from C$33.00 to C$35.00 in a report on Monday. Finally, TD Securities raised their price objective on shares of Paramount Resources from C$23.00 to C$27.00 and gave the stock a “hold” rating in a report 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 company presently has an average rating of “Hold” and a consensus price target of C$27.75.

Paramount Resources (POU) traded down C$0.08 during midday trading on Monday, hitting C$24.85. The company 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 related news, Director Robert M. Macdonald bought 1,500 shares of the business’s stock in a transaction on Friday, September 15th. The stock was acquired at an average price of C$23.15 per share, with a total value of C$34,725.00. Also, insider Darrel S. Purdy sold 21,200 shares of Paramount Resources stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of C$23.50, for a total transaction of C$498,200.00. Over 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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