Paramount Resources Ltd. (POU) Price Target Raised to C$26.50 at Desjardins
Other research analysts have also recently issued research reports about the company. Scotiabank boosted their price target on Paramount Resources from C$26.00 to C$28.00 and gave the stock a sector perform rating in a research note on Friday, November 10th. Laurentian boosted their price target on Paramount Resources from C$33.00 to C$35.00 in a research note on Monday. Royal Bank Of Canada boosted their price target on Paramount Resources from C$22.00 to C$27.00 and gave the stock a sector perform rating in a research note on Friday, November 10th. Raymond James Financial, Inc. boosted their price target on Paramount Resources from C$32.50 to C$36.00 and gave the stock a strong-buy rating in a research note on Friday, November 10th. Finally, BMO Capital Markets reiterated a market perform rating and issued a C$26.00 price target on shares of Paramount Resources in a research note on Tuesday, October 10th. Six research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of C$27.75.
Paramount Resources (POU) opened at C$22.12 on Monday. Paramount Resources has a one year low of C$14.60 and a one year high of C$25.57.
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In other news, Director Robert M. Macdonald acquired 1,500 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was purchased at an average cost of C$23.15 per share, with a total value of C$34,725.00. Also, Director Dirk Jungé sold 4,508 shares of the business’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of C$20.59, for a total value of C$92,819.72. Over the last three months, insiders purchased 209,500 shares of company stock valued at $5,124,025 and sold 39,708 shares valued at $889,160.
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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