Paramount Resources Ltd. (TSE:POU) insider Clayton H. Riddell purchased 40,000 shares of Paramount Resources stock in a transaction that occurred on Tuesday, November 28th. The stock was acquired at an average price of C$20.55 per share, for a total transaction of C$822,000.00.

Paramount Resources Ltd. (TSE POU) traded down C$0.69 during midday trading on Tuesday, reaching C$20.37. 342,223 shares of the company’s stock traded hands, compared to its average volume of 364,007. Paramount Resources Ltd. has a 52 week low of C$14.60 and a 52 week high of C$25.57.

Several equities research analysts recently weighed in on POU shares. Barclays boosted their price target on shares of Paramount Resources from C$22.00 to C$26.00 in a research report on Monday, November 13th. CSFB boosted their price target on shares of Paramount Resources from C$23.00 to C$26.50 in a research report on Monday, November 13th. Scotiabank boosted their price target 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. Laurentian boosted their price target on shares of Paramount Resources from C$33.00 to C$35.00 in a research report on Monday, November 13th. Finally, Royal Bank Of Canada boosted their price target 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. Six analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of C$27.75.

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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.

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

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