Paramount Resources Ltd (TSE:POU) insider Rodrigo Sousa bought 9,500 shares of the firm’s stock in a transaction on Monday, June 18th. The stock was purchased at an average cost of C$15.18 per share, with a total value of C$144,210.00.

Shares of POU stock traded up C$0.13 during trading hours on Monday, reaching C$15.27. The company had a trading volume of 126,625 shares, compared to its average volume of 441,349. Paramount Resources Ltd has a one year low of C$13.80 and a one year high of C$25.57.

Paramount Resources (TSE:POU) last issued its quarterly earnings data on Wednesday, May 9th. The company reported C($0.61) earnings per share for the quarter, beating analysts’ consensus estimates of C($0.77) by C$0.16. Paramount Resources had a return on equity of 42.13% and a net margin of 206.65%. The firm had revenue of C$269.81 million during the quarter, compared to analyst estimates of C$285.40 million.

POU has been the subject of several recent analyst reports. Raymond James cut shares of Paramount Resources from a “strong-buy” rating to an “outperform” rating and decreased their target price for the stock from C$36.75 to C$25.00 in a report on Thursday, May 10th. CIBC lifted their price target on shares of Paramount Resources from C$20.00 to C$22.00 in a research note on Tuesday, March 20th. Royal Bank of Canada reduced their price target on shares of Paramount Resources from C$24.00 to C$22.00 and set a “sector perform” rating for the company in a research note on Friday, March 9th. GMP Securities reduced their price target on shares of Paramount Resources from C$26.00 to C$22.75 in a research note on Friday, March 9th. Finally, Scotiabank lowered shares of Paramount Resources from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from C$30.00 to C$20.00 in a research note on Thursday, May 10th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of C$24.06.

About Paramount Resources

Paramount Resources Ltd., an independent energy company, explores for, develops, produces, and markets natural gas, crude oil, and natural gas liquids in Canada. Its principal properties are located in Alberta and British Columbia. The company also invests in public and private corporations. Paramount Resources Ltd.

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

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