BMO Capital Markets reaffirmed their market perform rating on shares of Paramount Resources, Ltd. (TSE:POU) in a report published on Tuesday. The brokerage currently has a C$26.00 price objective on the stock.

Several other equities analysts have also issued reports on the company. Laurentian Bank of Canada boosted their price objective on Paramount Resources from C$29.00 to C$30.00 in a research report on Friday, July 7th. Raymond James Financial, Inc. boosted their price objective on Paramount Resources from C$26.00 to C$31.00 and gave the company a strong-buy rating in a research report on Monday, September 18th. Scotiabank lowered Paramount Resources from an outperform rating to a sector perform rating and decreased their price objective for the company from C$26.00 to C$24.50 in a research report on Monday, July 10th. TD Securities boosted their price objective on Paramount Resources from C$17.50 to C$19.50 and gave the company a hold rating in a research report on Tuesday, July 11th. Finally, Barclays PLC decreased their price objective on Paramount Resources from C$25.00 to C$21.00 in a research report on Monday, July 24th. Six analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Hold and an average price target of C$23.50.

Shares of Paramount Resources (TSE POU) opened at 23.14 on Tuesday. Paramount Resources has a 52-week low of $12.60 and a 52-week high of $25.57. The stock has a market capitalization of $2.46 billion and a price-to-earnings ratio of 1.89. The stock has a 50 day moving average of $23.03 and a 200-day moving average of $20.25.

COPYRIGHT VIOLATION NOTICE: “Paramount Resources’ (POU) “Market Perform” Rating Reiterated at BMO Capital Markets” was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece of content on another site, it was stolen and republished in violation of US and international trademark & copyright legislation. The legal version of this piece of content can be viewed at

In other Paramount Resources news, insider Matthew G. Ockenden sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of C$22.00, for a total transaction of C$176,000.00. Also, insider Clayton H. Riddell purchased 3,000 shares of Paramount Resources stock in a transaction on Thursday, September 28th. The shares were purchased at an average cost of C$24.85 per share, with a total value of C$74,550.00. In the last ninety days, insiders have acquired 184,500 shares of company stock valued at $4,554,275 and have sold 56,400 shares valued at $976,344.

Paramount Resources Company Profile

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.

Analyst Recommendations for Paramount Resources (TSE:POU)

Receive News & Stock Ratings for Paramount Resources Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paramount Resources Ltd. and related stocks with our FREE daily email newsletter.