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.

WARNING: This article was posted by Daily Political and is the sole property of of Daily Political. If you are accessing this article on another site, it was illegally copied and reposted in violation of US and international copyright legislation. The correct version of this article can be read at https://www.dailypolitical.com/2017/08/10/matthew-g-ockenden-sells-8000-shares-of-paramount-resources-ltd-tsepou-stock.html.

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.

Insider Buying and Selling by Quarter 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.