Paramount Resources (TSE:POU) had its target price reduced by National Bank Financial from C$28.00 to C$26.00 in a research report report published on Tuesday morning. National Bank Financial currently has an outperform rating on the stock.

Several other equities analysts have also recently commented on POU. Raymond James Financial lifted their target price on shares of Paramount Resources from C$26.00 to C$31.00 and gave the stock a strong-buy rating in a research report on Monday, September 18th. BMO Capital Markets reissued a market perform rating and set a C$26.00 target price on shares of Paramount Resources in a research report on Tuesday, October 10th. Barclays lifted their target price on shares of Paramount Resources from C$21.00 to C$22.00 in a research report on Monday, October 30th. Royal Bank of Canada lifted their target price 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. Finally, Scotiabank lifted their target price 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. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Buy and an average price target of C$27.50.

Paramount Resources (TSE POU) opened at C$18.27 on Tuesday. Paramount Resources has a 1 year low of C$14.60 and a 1 year high of C$25.57. The company has a market cap of $2,470.00, a P/E ratio of 3.99 and a beta of 2.18.

In related news, insider Rodrigo Sousa purchased 2,500 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were bought at an average price of C$18.34 per share, with a total value of C$45,850.00. Also, insider Clayton H. Riddell purchased 10,000 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was bought at an average cost of C$16.59 per share, for a total transaction of C$165,900.00. In the last ninety days, insiders purchased 80,100 shares of company stock worth $1,650,580 and sold 14,308 shares worth $301,530.

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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.

Analyst Recommendations for Paramount Resources (TSE:POU)

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