Paramount Resources, Ltd. (POU) Insider Darrel S. Purdy Sells 21,200 Shares
Paramount Resources, Ltd. (TSE:POU) insider Darrel S. Purdy sold 21,200 shares of Paramount Resources stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of C$23.50, for a total value of C$498,200.00.
Shares of Paramount Resources, Ltd. (TSE POU) traded down 1.40% during trading on Friday, reaching $23.24. The company’s stock had a trading volume of 1,646,179 shares. The stock has a market cap of $2.47 billion and a price-to-earnings ratio of 1.90. Paramount Resources, Ltd. has a 52-week low of $12.60 and a 52-week high of $23.95. The stock’s 50 day moving average price is $20.99 and its 200-day moving average price is $19.12.
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A number of equities analysts recently commented on the company. Laurentian Bank of Canada lifted their price objective on Paramount Resources from C$29.00 to C$30.00 in a research note on Friday, July 7th. Barclays PLC cut their price objective on Paramount Resources from C$25.00 to C$21.00 in a research note on Monday, July 24th. BMO Capital Markets lifted their price objective on Paramount Resources from C$22.00 to C$25.00 and gave the stock an “outperform” rating in a research note on Monday, June 12th. Scotiabank lowered Paramount Resources from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from C$26.00 to C$24.50 in a research note on Monday, July 10th. Finally, Laurentian boosted their price target on Paramount Resources from C$29.00 to C$30.00 in a research note on Friday, July 7th. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of C$23.25.
About Paramount Resources
Paramount Resources Ltd., an independent energy company, explores for, develops, produces, and markets natural gas, crude oil, and natural gas liquids in Canada. The company operates through three segments: Principal Properties, Strategic Investments, and Corporate. Its principal properties are located in Alberta and British Columbia.
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