Paramount Resources Ltd. (POU) Given Consensus Rating of “Hold” by Brokerages

Paramount Resources Ltd. (TSE:POU) has earned a consensus recommendation of “Hold” from the twelve ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$27.75.

Several research analysts have commented on the company. Raymond James Financial raised their target price on Paramount Resources from C$32.50 to C$36.00 and gave the stock a “strong-buy” rating in a research note on Friday, November 10th. TD Securities lifted their price target on Paramount Resources from C$23.00 to C$27.00 and gave the company a “hold” rating in a research report on Friday, November 10th. BMO Capital Markets reissued a “market perform” rating and issued a C$26.00 target price on shares of Paramount Resources in a report on Tuesday, October 10th. Scotiabank upped their price target on Paramount Resources from C$26.00 to C$28.00 and gave the company a “sector perform” rating in a report on Friday, November 10th. Finally, Barclays upped their price objective on Paramount Resources from C$21.00 to C$22.00 in a research report on Monday, October 30th.

In other Paramount Resources news, Director Robert M. Macdonald acquired 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, for a total transaction of C$34,725.00. Also, insider Clayton H. Riddell bought 80,000 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The stock was acquired at an average cost of C$25.00 per share, for a total transaction of C$2,000,000.00. In the last three months, insiders bought 249,500 shares of company stock valued at $5,946,025 and sold 41,508 shares valued at $928,670.

Paramount Resources (POU) traded up C$0.04 during trading on Friday, hitting C$21.35. The company’s stock had a trading volume of 81,208 shares, compared to its average volume of 365,258. Paramount Resources has a 52-week low of C$14.60 and a 52-week high of C$25.57.

COPYRIGHT VIOLATION NOTICE: “Paramount Resources Ltd. (POU) Given Consensus Rating of “Hold” by Brokerages” was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark and copyright law. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/12/01/paramount-resources-ltd-pou-given-consensus-rating-of-hold-by-brokerages.html.

Paramount Resources Company Profile

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)

Receive News & Ratings for Paramount Resources Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paramount Resources Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply