Paramount Resources Ltd. (TSE:POU) had its price target hoisted by equities research analysts at GMP Securities from C$25.50 to C$29.00 in a research note issued on Monday. GMP Securities’ price target would indicate a potential upside of 22.67% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Scotiabank raised their price objective on shares of Paramount Resources from C$26.00 to C$28.00 and gave the stock a “sector perform” rating in a research report on Friday, November 10th. TD Securities raised their price objective on shares of Paramount Resources from C$23.00 to C$27.00 and gave the stock a “hold” rating in a research report on Friday, November 10th. Raymond James Financial, Inc. raised their price objective on shares of Paramount Resources from C$32.50 to C$36.00 and gave the stock a “strong-buy” rating in a research report on Friday, November 10th. Royal Bank Of Canada raised their price objective on shares of Paramount Resources from C$22.00 to C$27.00 and gave the stock a “sector perform” rating in a research report on Friday, November 10th. Finally, Laurentian raised their price objective on shares of Paramount Resources from C$33.00 to C$35.00 in a research report on Monday. Six research 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 company. The company presently has a consensus rating of “Hold” and an average price target of C$27.75.

Shares of Paramount Resources (TSE:POU) opened at C$23.64 on Monday. Paramount Resources has a 12-month low of C$14.60 and a 12-month high of C$25.57.

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In related news, Director Robert M. Macdonald bought 1,500 shares of the stock in a transaction on Friday, September 15th. The stock was bought at an average price of C$23.15 per share, with a total value of C$34,725.00. Also, Director Dirk Jungé sold 4,508 shares of the stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of C$20.59, for a total transaction of C$92,819.72. In the last ninety days, insiders have acquired 184,500 shares of company stock valued at $4,554,275 and have sold 39,708 shares valued at $889,160.

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)

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