Paramount Resources (TSE:POU) was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a report released on Thursday. The brokerage presently has a C$24.50 price objective on the stock, down from their prior price objective of C$26.00. BMO Capital Markets’ price objective would indicate a potential upside of 35.14% from the company’s current price.

Other equities research analysts also recently issued reports about the company. GMP Securities lifted their price objective on Paramount Resources from C$25.50 to C$29.00 in a report on Monday, November 13th. Laurentian lifted their price objective on Paramount Resources from C$33.00 to C$35.00 in a report on Monday, November 13th. Raymond James Financial lifted their price objective on Paramount Resources from C$32.50 to C$36.00 and gave the stock a “strong-buy” rating in a report on Friday, November 10th. CSFB lifted their price objective on Paramount Resources from C$23.00 to C$26.50 in a report on Monday, November 13th. Finally, Desjardins lifted their price objective on Paramount Resources from C$24.00 to C$26.50 in a report on Monday, November 13th. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of C$27.50.

Paramount Resources (TSE POU) traded down C$0.56 during midday trading on Thursday, reaching C$18.13. The company had a trading volume of 494,175 shares, compared to its average volume of 378,927. Paramount Resources has a 52 week low of C$14.60 and a 52 week high of C$25.57. The company has a market cap of $2,500.00, a P/E ratio of 3.96 and a beta of 2.18.

In other news, insider Rodrigo Sousa purchased 2,500 shares of the business’s stock in a transaction 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. Also, insider Matthew G. Ockenden sold 8,000 shares of the business’s stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of C$21.15, for a total value of C$169,200.00. Over the last 90 days, insiders have acquired 80,100 shares of company stock valued at $1,650,580 and have sold 14,308 shares valued at $301,530.

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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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