Paramount Resources, Ltd. (TSE:POU) insider Clayton H. Riddell bought 100,000 shares of the company’s stock in a transaction dated Wednesday, September 20th. The shares were purchased at an average price of C$24.45 per share, with a total value of C$2,445,000.00.

Shares of Paramount Resources, Ltd. (POU) traded up 1.42% during trading on Thursday, hitting $24.99. 701,674 shares of the company’s stock were exchanged. Paramount Resources, Ltd. has a one year low of $12.60 and a one year high of $25.57. The firm has a 50-day moving average price of $21.32 and a 200-day moving average price of $19.28. The stock has a market cap of $2.65 billion and a P/E ratio of 2.04.

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POU has been the subject of a number of analyst reports. Laurentian increased their target price on shares of Paramount Resources from C$29.00 to C$30.00 in a report on Friday, July 7th. Barclays PLC dropped their target price on shares of Paramount Resources from C$25.00 to C$21.00 in a report on Monday, July 24th. Laurentian Bank of Canada raised their price objective on shares of Paramount Resources from C$29.00 to C$30.00 in a report on Friday, July 7th. Raymond James Financial, Inc. raised their price objective on shares of Paramount Resources from C$26.00 to C$31.00 and gave the stock a “strong-buy” rating in a report on Monday. Finally, TD Securities raised their price objective on shares of Paramount Resources from C$17.50 to C$19.50 and gave the stock a “hold” rating in a report on Tuesday, July 11th. Five 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 company. The company currently has an average rating of “Buy” and a consensus price target of C$23.42.

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.

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

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