A number of research firms have changed their ratings and price targets for Paramount Resources (TSE: POU):

  • 11/13/2017 – Paramount Resources had its price target raised by analysts at Barclays PLC from C$22.00 to C$26.00.
  • 11/13/2017 – Paramount Resources had its price target raised by analysts at CSFB from C$23.00 to C$26.50.
  • 11/13/2017 – Paramount Resources had its price target raised by analysts at Desjardins from C$24.00 to C$26.50.
  • 11/13/2017 – Paramount Resources had its price target raised by analysts at GMP Securities from C$25.50 to C$29.00.
  • 11/13/2017 – Paramount Resources had its price target raised by analysts at Laurentian from C$33.00 to C$35.00.
  • 11/10/2017 – Paramount Resources had its price target raised by analysts at TD Securities from C$23.00 to C$27.00. They now have a “hold” rating on the stock.
  • 11/10/2017 – Paramount Resources had its price target raised by analysts at Scotiabank from C$26.00 to C$28.00. They now have a “sector perform” rating on the stock.
  • 11/10/2017 – Paramount Resources had its price target raised by analysts at Royal Bank Of Canada from C$22.00 to C$27.00. They now have a “sector perform” rating on the stock.
  • 11/10/2017 – Paramount Resources had its price target raised by analysts at Raymond James Financial, Inc. from C$32.50 to C$36.00. They now have a “strong-buy” rating on the stock.
  • 10/30/2017 – Paramount Resources had its price target raised by analysts at Barclays PLC from C$21.00 to C$22.00.
  • 10/10/2017 – Paramount Resources had its “market perform” rating reaffirmed by analysts at BMO Capital Markets. They now have a C$26.00 price target on the stock.

Shares of Paramount Resources Ltd. (TSE POU) traded down C$0.02 during midday trading on Friday, reaching C$22.00. The company’s stock had a trading volume of 108,002 shares, compared to its average volume of 365,381. Paramount Resources Ltd. has a fifty-two week low of C$14.60 and a fifty-two week high of C$25.57.

In other Paramount Resources news, Director Robert M. Macdonald acquired 1,500 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was acquired at an average cost of C$23.15 per share, for a total transaction of C$34,725.00. Also, insider Clayton H. Riddell acquired 80,000 shares of the business’s stock in a transaction dated Thursday, September 21st. The stock was acquired at an average price of C$25.00 per share, with a total value of C$2,000,000.00. Over the last 90 days, insiders bought 209,500 shares of company stock valued at $5,124,025 and sold 41,508 shares valued at $928,670.

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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