Paramount Resources, Ltd. (TSE:POU) insider Darrel S. Purdy sold 21,200 shares of the stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of C$8.17, for a total value of C$173,204.00.
Shares of Paramount Resources, Ltd. (TSE:POU) traded down 0.33% during mid-day trading on Tuesday, reaching $21.19. The company’s stock had a trading volume of 104,726 shares. Paramount Resources, Ltd. has a one year low of $12.50 and a one year high of $22.41. The firm’s 50 day moving average is $19.45 and its 200 day moving average is $18.46. The firm has a market cap of $2.25 billion and a PE ratio of 1.73.
Several brokerages have recently issued reports on POU. Scotiabank lowered Paramount Resources from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from C$26.00 to C$24.50 in a research report on Monday, July 10th. Barclays PLC raised their price objective on Paramount Resources from C$22.00 to C$25.00 and gave the company an “equal weight” rating in a research report on Thursday, May 11th. Raymond James Financial, Inc. raised their price objective on Paramount Resources from C$25.00 to C$29.00 and gave the company a “strong-buy” rating in a research report on Thursday, May 11th. BMO Capital Markets raised their price objective on Paramount Resources from C$19.00 to C$22.00 in a research report on Thursday, May 11th. Finally, TD Securities raised their price objective on Paramount Resources from C$17.50 to C$19.50 and gave the company a “hold” rating in a research report on Tuesday, July 11th. Five equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of C$23.25.
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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