BMO Capital Markets upgraded shares of Paramount Resources (TSE:POU) from a market perform rating to an outperform rating in a research report sent to investors on Thursday. The brokerage currently has C$24.50 price objective on the stock, down from their prior price objective of C$26.00.

POU has been the subject of a number of other reports. Barclays increased their target price on Paramount Resources from C$22.00 to C$26.00 in a research note on Monday, November 13th. Scotiabank increased their target price on Paramount Resources from C$26.00 to C$28.00 and gave the stock a sector perform rating in a research note on Friday, November 10th. Royal Bank of Canada increased their target price on Paramount Resources from C$22.00 to C$27.00 and gave the stock a sector perform rating in a research note on Friday, November 10th. National Bank Financial lowered their target price on Paramount Resources from C$28.00 to C$26.00 and set an outperform rating for the company in a research note on Tuesday, January 9th. Finally, TD Securities increased their target price on Paramount Resources from C$23.00 to C$27.00 and gave the stock a hold rating in a research note on Friday, November 10th. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of C$27.50.

Shares of Paramount Resources (TSE:POU) opened at C$18.78 on Thursday. Paramount Resources has a 52 week low of C$14.60 and a 52 week high of C$25.57. The stock has a market capitalization of $2,540.00, a P/E ratio of 4.10 and a beta of 2.18.

In other news, insider Gail Yester sold 1,800 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of C$21.95, for a total transaction of C$39,510.00. Also, insider Matthew G. Ockenden sold 8,000 shares of the firm’s 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 transaction of C$169,200.00. Over the last ninety days, insiders have bought 80,100 shares of company stock valued at $1,650,580 and have sold 14,308 shares valued at $301,530.

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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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