Paramount Resources Ltd. (POU) PT Raised to C$29.00
Paramount Resources Ltd. (TSE:POU) had its price target boosted by investment analysts at GMP Securities from C$25.50 to C$29.00 in a report released on Monday. GMP Securities’ target price would suggest a potential upside of 16.70% from the stock’s previous close.
A number of other brokerages also recently commented on POU. Scotiabank lifted their target price on Paramount Resources from C$26.00 to C$28.00 and gave the company a “sector perform” rating in a research note on Friday. Laurentian lifted their price target on Paramount Resources from C$33.00 to C$35.00 in a report on Monday. Royal Bank Of Canada lifted their price target on Paramount Resources from C$22.00 to C$27.00 and gave the company a “sector perform” rating in a report on Friday. Raymond James Financial, Inc. lifted their price target on Paramount Resources from C$32.50 to C$36.00 and gave the company a “strong-buy” rating in a report on Friday. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a C$26.00 price target on shares of Paramount Resources in a report on Tuesday, October 10th. Six analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of C$27.75.
Paramount Resources (TSE:POU) traded down C$0.08 during trading hours on Monday, reaching C$24.85. The company had a trading volume of 301,445 shares, compared to its average volume of 368,454. Paramount Resources has a fifty-two week low of C$13.99 and a fifty-two week high of C$25.57.
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In related news, insider Michael S. Han sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of C$21.49, for a total transaction of C$128,940.00. Also, Director Dirk Jungé sold 4,508 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of C$20.59, for a total value of C$92,819.72. In the last three months, insiders have purchased 184,500 shares of company stock worth $4,554,275 and have sold 39,708 shares worth $889,160.
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.
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