Paramount Resources Ltd. (TSE:POU) insider Rodrigo Sousa acquired 2,500 shares of the stock in a transaction that occurred on Thursday, December 7th. The stock was acquired at an average cost of C$18.34 per share, for a total transaction of C$45,850.00.

Shares of Paramount Resources Ltd. (POU) traded down C$0.60 during midday trading on Thursday, reaching C$18.20. 571,108 shares of the company were exchanged, compared to its average volume of 366,032. Paramount Resources Ltd. has a 12-month low of C$14.60 and a 12-month high of C$25.57.

POU has been the topic of a number of research reports. Barclays increased their price objective on shares of Paramount Resources from C$21.00 to C$22.00 in a research note on Monday, October 30th. CSFB increased their price objective on shares of Paramount Resources from C$23.00 to C$26.50 in a research note on Monday, November 13th. Desjardins increased their price objective on shares of Paramount Resources from C$24.00 to C$26.50 in a research note on Monday, November 13th. GMP Securities increased their price objective on shares of Paramount Resources from C$25.50 to C$29.00 in a research note on Monday, November 13th. Finally, Laurentian increased their price objective on shares of Paramount Resources from C$33.00 to C$35.00 in a research note on Monday, November 13th. Six investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of C$27.75.

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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.

Insider Buying and Selling by Quarter for Paramount Resources (TSE:POU)

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