Bernard K. Lee Purchases 10,000 Shares of Paramount Resources, Ltd. (TSE:POU) Stock
Paramount Resources, Ltd. (TSE:POU) insider Bernard K. Lee bought 10,000 shares of the firm’s stock in a transaction dated Monday, July 10th. The shares were acquired at an average cost of C$17.97 per share, with a total value of C$179,700.00.
Paramount Resources, Ltd. (TSE:POU) traded up 1.55% during mid-day trading on Friday, hitting $19.60. The company’s stock had a trading volume of 212,900 shares. The stock has a market cap of $2.08 billion and a P/E ratio of 1.70. Paramount Resources, Ltd. has a 52-week low of $12.09 and a 52-week high of $22.41. The company’s 50 day moving average is $19.18 and its 200-day moving average is $18.23.
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Several research firms have recently weighed in on POU. Raymond James Financial, Inc. increased their price target on Paramount Resources from C$25.00 to C$29.00 and gave the stock a “strong-buy” rating in a research note on Thursday, May 11th. Laurentian Bank of Canada increased their price target on Paramount Resources from C$29.00 to C$30.00 in a research note on Friday, July 7th. Scotiabank reiterated an “outperform” rating and set a C$24.00 price target on shares of Paramount Resources in a research note on Tuesday, May 2nd. Barclays PLC cut their target price on Paramount Resources from C$25.00 to C$21.00 in a research note on Monday, July 24th. Finally, BMO Capital Markets raised their target price on Paramount Resources from C$22.00 to C$25.00 and gave the stock an “outperform” rating in a research note on Monday, June 12th. Six research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of C$21.86.
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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