Paramount Resources Ltd. (POU) PT Raised to C$26.50
Paramount Resources Ltd. (TSE:POU) had its target price upped by equities researchers at Desjardins from C$24.00 to C$26.50 in a research report issued on Monday. Desjardins’ price target would indicate a potential upside of 6.64% from the stock’s current price.
Several other analysts have also recently issued reports on the stock. GMP Securities upped their target price on shares of Paramount Resources from C$25.50 to C$29.00 in a research report on Monday. Laurentian upped their price target on shares of Paramount Resources from C$33.00 to C$35.00 in a report on Monday. TD Securities upped their price target on shares of Paramount Resources from C$23.00 to C$27.00 and gave the company a “hold” rating in a report on Friday. Scotiabank upped their price target on shares of Paramount Resources from C$26.00 to C$28.00 and gave the company a “sector perform” rating in a report on Friday. Finally, Royal Bank Of Canada upped their price target on shares of Paramount Resources from C$22.00 to C$27.00 and gave the company a “sector perform” rating in a report on Friday. Six equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of C$27.75.
Shares of Paramount Resources (TSE POU) traded down C$0.08 during midday trading 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 52-week low of C$13.99 and a 52-week high of C$25.57.
In related news, insider Darrel S. Purdy sold 21,200 shares of the stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of C$23.50, for a total transaction of C$498,200.00. Also, Director Robert M. Macdonald bought 1,500 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were purchased at an average cost of C$23.15 per share, with a total value of C$34,725.00. Over the last quarter, insiders have bought 184,500 shares of company stock worth $4,554,275 and have sold 39,708 shares worth $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.
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