Paramount Resources, Ltd. (POU) Insider Buys C$2,000,000.00 in Stock
Paramount Resources, Ltd. (TSE:POU) insider Clayton H. Riddell purchased 80,000 shares of the firm’s stock in a transaction on Thursday, September 21st. The shares were purchased at an average cost of C$25.00 per share, for a total transaction of C$2,000,000.00.
Shares of Paramount Resources, Ltd. (POU) opened at 24.75 on Friday. Paramount Resources, Ltd. has a 52-week low of $12.60 and a 52-week high of $25.17. The firm has a market capitalization of $2.63 billion and a PE ratio of 2.02. The company has a 50 day moving average of $21.32 and a 200 day moving average of $19.28.
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POU has been the topic of several analyst reports. Laurentian Bank of Canada raised their price target on shares of Paramount Resources from C$29.00 to C$30.00 in a research note on Friday, July 7th. BMO Capital Markets raised their price target on shares of 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 cut shares of Paramount Resources from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from C$26.00 to C$24.50 in a research note on Monday, July 10th. TD Securities raised their price target on shares of Paramount Resources from C$17.50 to C$19.50 and gave the stock a “hold” rating in a research note on Tuesday, July 11th. Finally, Laurentian raised their price target on shares of Paramount Resources from C$29.00 to C$30.00 in a research note on Friday, July 7th. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of C$23.42.
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.
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