Paramount Resources, Ltd. (POU) Receives C$21.93 Average Price Target from Analysts
Shares of Paramount Resources, Ltd. (TSE:POU) have received a consensus rating of “Buy” from the fifteen brokerages that are currently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$21.93.
Several research firms have recently weighed in on POU. Scotiabank reissued an “outperform” rating and issued a C$24.00 target price on shares of Paramount Resources in a research report on Tuesday, May 2nd. Laurentian boosted their target price on shares of Paramount Resources from C$29.00 to C$30.00 in a research report on Friday, July 7th. TD Securities downgraded shares of Paramount Resources to a “hold” rating and boosted their target price for the stock from C$14.50 to C$16.50 in a research report on Thursday, May 11th. CSFB reissued a “neutral” rating and issued a C$17.00 target price on shares of Paramount Resources in a research report on Thursday, May 11th. Finally, Barclays PLC dropped their target price on shares of Paramount Resources from C$25.00 to C$21.00 in a research report on Monday, July 24th.
Paramount Resources (TSE POU) traded down 3.50% on Friday, reaching $19.30. The company had a trading volume of 322,847 shares. The stock has a 50 day moving average price of $19.18 and a 200 day moving average price of $18.23. Paramount Resources has a 52-week low of $10.84 and a 52-week high of $22.41. The stock has a market capitalization of $2.05 billion and a PE ratio of 1.67.
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In related news, insider Bernard K. Lee purchased 10,000 shares of Paramount Resources stock in a transaction dated Monday, July 10th. The stock was bought at an average cost of C$17.97 per share, with a total value of C$179,700.00. Also, insider Darrel S. Purdy sold 21,200 shares of the stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of C$8.17, for a total transaction of C$173,204.00.
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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