Paramount Resources, Ltd. (POU) Given Consensus Recommendation of “Buy” by Analysts

Shares of Paramount Resources, Ltd. (TSE:POU) have been assigned a consensus recommendation of “Buy” from the thirteen brokerages that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$28.04.

POU has been the subject of several analyst reports. National Bank Financial dropped their price target on Paramount Resources from C$28.00 to C$26.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 9th. Barclays upped their price target on Paramount Resources from C$21.00 to C$22.00 in a research report on Monday, October 30th. GMP Securities upped their price target on Paramount Resources from C$25.50 to C$29.00 in a research report on Monday, November 13th. CIBC dropped their price target on Paramount Resources from C$26.00 to C$23.00 in a research report on Tuesday, January 23rd. Finally, BMO Capital Markets raised Paramount Resources from a “market perform” rating to an “outperform” rating and dropped their price target for the company from C$26.00 to C$24.50 in a research report on Thursday, January 11th.

In other Paramount Resources news, insider Rodrigo Sousa bought 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The stock was purchased at an average price of C$18.34 per share, for a total transaction of C$45,850.00. Also, insider Clayton H. Riddell bought 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were acquired at an average price of C$20.55 per share, with a total value of C$822,000.00. In the last quarter, insiders have bought 172,700 shares of company stock valued at $3,349,490.

Shares of Paramount Resources (POU) opened at C$16.29 on Wednesday. The firm has a market capitalization of $2,140.00, a price-to-earnings ratio of 3.56 and a beta of 2.07. Paramount Resources has a twelve month low of C$14.39 and a twelve month high of C$25.57.

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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.

Analyst Recommendations for Paramount Resources (TSE:POU)

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