Insider Buying: Paramount Resources Ltd (POU) Insider Buys C$73,350.00 in Stock

Paramount Resources Ltd (TSE:POU) insider Rodrigo Sousa bought 5,000 shares of the company’s stock in a transaction dated Wednesday, June 20th. The stock was bought at an average cost of C$14.67 per share, with a total value of C$73,350.00.

Rodrigo Sousa also recently made the following trade(s):

  • On Monday, June 18th, Rodrigo Sousa bought 9,500 shares of Paramount Resources stock. The stock was bought at an average cost of C$15.18 per share, with a total value of C$144,210.00.

Shares of TSE POU opened at C$15.13 on Friday. Paramount Resources Ltd has a 1 year low of C$13.80 and a 1 year high of C$25.57.



Paramount Resources (TSE:POU) last issued its quarterly earnings data on Wednesday, May 9th. The company reported C($0.61) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C($0.77) by C$0.16. The business had revenue of C$269.81 million during the quarter, compared to analyst estimates of C$285.40 million. Paramount Resources had a net margin of 206.65% and a return on equity of 42.13%.

A number of research analysts have recently commented on the stock. Royal Bank of Canada dropped their target price on shares of Paramount Resources from C$24.00 to C$22.00 and set a “sector perform” rating for the company in a report on Friday, March 9th. CIBC dropped their target price on shares of Paramount Resources from C$23.00 to C$22.00 in a report on Friday, March 9th. GMP Securities dropped their target price on shares of Paramount Resources from C$26.00 to C$22.75 in a report on Friday, March 9th. Raymond James increased their target price on shares of Paramount Resources from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a report on Friday, June 15th. Finally, Scotiabank lowered shares of Paramount Resources from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from C$30.00 to C$20.00 in a report on Thursday, May 10th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of C$24.06.

About Paramount Resources

Paramount Resources Ltd., an independent energy company, explores for, develops, produces, and markets natural gas, crude oil, and natural gas liquids in Canada. Its principal properties are located in Alberta and British Columbia. The company also invests in public and private corporations. Paramount Resources Ltd.

Insider Buying and Selling by Quarter for Paramount Resources (TSE:POU)

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