Paramount Resources, Ltd. (POU) Insider Sells C$169,200.00 in Stock
Paramount Resources, Ltd. (TSE:POU) insider Matthew G. Ockenden sold 8,000 shares of Paramount Resources stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of C$21.15, for a total value of C$169,200.00.
Shares of Paramount Resources, Ltd. (TSE:POU) traded down 3.12% on Thursday, reaching $20.83. The company’s stock had a trading volume of 570,789 shares. The stock has a 50-day moving average of $23.18 and a 200 day moving average of $20.45. The stock has a market capitalization of $2.21 billion and a PE ratio of 1.70. Paramount Resources, Ltd. has a 1-year low of $12.60 and a 1-year high of $25.57.
Several brokerages recently issued reports on POU. BMO Capital Markets restated a “market perform” rating and set a C$26.00 price objective on shares of Paramount Resources in a research report on Tuesday, October 10th. Raymond James Financial, Inc. lifted their price objective on Paramount Resources from C$26.00 to C$31.00 and gave the stock a “strong-buy” rating in a research report on Monday, September 18th. Barclays PLC cut their price objective on Paramount Resources from C$25.00 to C$21.00 in a research report on Monday, July 24th. TD Securities lifted their price objective on Paramount Resources from C$17.50 to C$19.50 and gave the stock a “hold” rating in a research report on Tuesday, July 11th. Finally, Scotiabank downgraded Paramount Resources from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from C$26.00 to C$24.50 in a research report on Monday, July 10th. Six analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of C$23.50.
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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