Paramount Resources Ltd. (POU) PT Raised to C$26.50 at CSFB
Paramount Resources Ltd. (TSE:POU) had its price objective increased by analysts at CSFB from C$23.00 to C$26.50 in a research report issued on Monday. CSFB’s price objective points to a potential upside of 6.64% from the company’s previous close.
Several other analysts have also commented on POU. Barclays PLC dropped their target price on Paramount Resources from C$25.00 to C$21.00 in a report on Monday, July 24th. Raymond James Financial, Inc. raised their price objective on Paramount Resources from C$26.00 to C$31.00 and gave the company a “strong-buy” rating in a report on Monday, September 18th. BMO Capital Markets reissued a “market perform” rating and issued a C$26.00 price objective on shares of Paramount Resources in a report on Tuesday, October 10th. Royal Bank Of Canada raised their price objective on Paramount Resources from C$22.00 to C$27.00 and gave the company a “sector perform” rating in a report on Friday. Finally, Scotiabank raised their price objective on Paramount Resources from C$26.00 to C$28.00 and gave the company a “sector perform” rating in a report on Friday. Six investment 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 company. The company currently has a consensus rating of “Hold” and a consensus price target of C$27.75.
Shares of Paramount Resources (POU) traded down C$0.08 during trading hours on Monday, hitting C$24.85. The stock had a trading volume of 301,445 shares, compared to its average volume of 368,454. Paramount Resources has a 1 year low of C$13.99 and a 1 year high of C$25.57.
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In other news, Director Robert M. Macdonald acquired 1,500 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were purchased at an average price of C$23.15 per share, for a total transaction of C$34,725.00. Also, insider Clayton H. Riddell acquired 80,000 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The stock was purchased at an average price of C$25.00 per share, for a total transaction of C$2,000,000.00. In the last quarter, insiders have purchased 184,500 shares of company stock worth $4,554,275 and have sold 39,708 shares worth $889,160.
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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