Other equities research analysts have also issued reports about the company. Scotiabank boosted their target price on Paramount Resources from C$26.00 to C$28.00 and gave the stock a sector perform rating in a research report on Friday, November 10th. Royal Bank Of Canada boosted their target price on Paramount Resources from C$22.00 to C$27.00 and gave the stock a sector perform rating in a research report on Friday, November 10th. Raymond James Financial, Inc. boosted their target price on Paramount Resources from C$32.50 to C$36.00 and gave the stock a strong-buy rating in a research report on Friday, November 10th. BMO Capital Markets reaffirmed a market perform rating and set a C$26.00 target price on shares of Paramount Resources in a research report on Tuesday, October 10th. Finally, TD Securities boosted their target price on Paramount Resources from C$23.00 to C$27.00 and gave the stock a hold rating in a research report on Friday, November 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 company. The stock presently has a consensus rating of Hold and a consensus price target of C$27.75.
Paramount Resources (TSE:POU) traded down C$1.08 on Monday, hitting C$22.56. The stock had a trading volume of 364,860 shares, compared to its average volume of 367,511. Paramount Resources has a 12 month low of C$14.60 and a 12 month high of C$25.57.
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In other news, insider Michael S. Han sold 6,000 shares of Paramount Resources stock in a transaction 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, insider Clayton H. Riddell purchased 100,000 shares of the stock in a transaction dated Wednesday, September 20th. The shares were acquired at an average price of C$24.45 per share, for a total transaction of C$2,445,000.00. In the last quarter, insiders have bought 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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