Matthew G. Ockenden Sells 8,000 Shares of Paramount Resources, Ltd. (TSE:POU) Stock
Paramount Resources, Ltd. (TSE:POU) insider Matthew G. Ockenden sold 8,000 shares of Paramount Resources stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of C$22.00, for a total transaction of C$176,000.00.
Paramount Resources, Ltd. (TSE POU) traded up 2.09% on Thursday, reaching $21.46. 971,477 shares of the company’s stock traded hands. The firm has a market capitalization of $2.28 billion and a P/E ratio of 1.86. Paramount Resources, Ltd. has a 52 week low of $11.61 and a 52 week high of $22.41. The stock has a 50-day moving average of $19.23 and a 200 day moving average of $18.35.
POU has been the subject of a number of research reports. Scotiabank restated an “outperform” rating and issued a C$24.00 price objective on shares of Paramount Resources in a report on Tuesday, May 2nd. Laurentian lifted their price objective on shares of Paramount Resources from C$29.00 to C$30.00 in a report on Friday, July 7th. TD Securities cut shares of Paramount Resources to a “hold” rating and lifted their price objective for the company from C$14.50 to C$16.50 in a report on Thursday, May 11th. CSFB reiterated a “neutral” rating and set a C$17.00 price target on shares of Paramount Resources in a report on Thursday, May 11th. Finally, Barclays PLC lowered their price target on shares of Paramount Resources from C$25.00 to C$21.00 in a report on Monday, July 24th. Six research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of C$22.50.
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.
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.