Paramount Resources, Ltd. (TSE:POU) shares fell 1.6% on Thursday . The stock traded as low as C$17.77 and last traded at C$17.82. 290,687 shares changed hands during trading, a decline of 21% from the average session volume of 365,976 shares. The stock had previously closed at C$18.11.

Several research firms recently weighed in on POU. TD Securities boosted their price target on shares of Paramount Resources from C$23.00 to C$27.00 and gave the stock a “hold” rating in a report on Friday, November 10th. 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 report on Friday, November 10th. 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 report on Friday, November 10th. Raymond James Financial boosted their price target on shares of Paramount Resources from C$32.50 to C$36.00 and gave the stock a “strong-buy” rating in a report on Friday, November 10th. Finally, Barclays boosted their price target on shares of Paramount Resources from C$22.00 to C$26.00 in a report on Monday, November 13th. Six analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of C$27.75.

In other Paramount Resources news, Director Robert M. Macdonald purchased 1,500 shares of the stock in a transaction dated Friday, September 15th. The shares were bought at an average price of C$23.15 per share, with a total value of C$34,725.00. Also, insider Rodrigo Sousa purchased 2,000 shares of the stock in a transaction dated Monday, December 11th. The stock was acquired at an average cost of C$18.20 per share, for a total transaction of C$36,400.00. In the last ninety days, insiders acquired 254,600 shares of company stock worth $6,038,955 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.

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