Paramount Resources, Ltd. (TSE:POU) had its target price upped by TD Securities from C$17.50 to C$19.50 in a research note published on Tuesday morning. The firm currently has a hold rating on the stock.

Several other analysts also recently commented on the stock. Scotiabank downgraded shares of Paramount Resources from an outperform rating to a sector perform rating and dropped their target price for the stock from C$26.00 to C$24.50 in a report on Monday, July 10th. Laurentian Bank of Canada lifted their price objective on shares of Paramount Resources from C$29.00 to C$30.00 in a report on Friday, July 7th. Laurentian lifted their price objective on shares of Paramount Resources from C$29.00 to C$30.00 in a report on Friday, July 7th. BMO Capital Markets lifted their price objective on shares of Paramount Resources from C$22.00 to C$25.00 and gave the company an outperform rating in a report on Monday, June 12th. Finally, Barclays PLC lifted their price objective on shares of Paramount Resources from C$22.00 to C$25.00 and gave the company an equal weight rating in a report on Thursday, May 11th. Seven equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Paramount Resources has a consensus rating of Hold and an average price target of C$21.63.

Paramount Resources (TSE:POU) opened at 18.57 on Tuesday. Paramount Resources has a 1-year low of $11.55 and a 1-year high of $22.41. The firm has a market cap of $1.97 billion and a price-to-earnings ratio of 1.61. The firm has a 50-day moving average of $20.38 and a 200 day moving average of $17.89.

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In other news, insider Clayton H. Riddell bought 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 12th. The stock was acquired at an average cost of C$18.68 per share, with a total value of C$37,360.00. Also, insider Bernard K. Lee bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, July 10th. The stock was purchased at an average cost of C$17.97 per share, with a total value of C$179,700.00.

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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