Paramount Resources (TSE:POU) was upgraded by BMO Capital Markets from a “market perform” rating to an “outperform” rating in a report issued on Thursday. The brokerage presently has a C$24.50 price objective on the stock, down from their prior price objective of C$26.00. BMO Capital Markets’ target price suggests a potential upside of 30.46% from the stock’s current price.

A number of other research analysts have also recently weighed in on POU. Raymond James Financial lifted 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 research note on Friday, November 10th. TD Securities lifted 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 research note on Friday, November 10th. Desjardins lifted their price target on shares of Paramount Resources from C$24.00 to C$26.50 in a research note on Monday, November 13th. Scotiabank lifted 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 note on Friday, November 10th. Finally, Barclays lifted their price target on shares of Paramount Resources from C$22.00 to C$26.00 in a research note on Monday, November 13th. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of C$27.50.

Paramount Resources (TSE:POU) opened at C$18.78 on Thursday. The firm has a market cap of $2,540.00, a P/E ratio of 4.10 and a beta of 2.18. Paramount Resources has a twelve month low of C$14.60 and a twelve month high of C$25.57.

In related news, insider Clayton H. Riddell acquired 10,000 shares of Paramount Resources stock in a transaction dated Friday, December 15th. The stock was acquired at an average price of C$16.59 per share, for a total transaction of C$165,900.00. Also, insider Matthew G. Ockenden sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of C$21.15, for a total transaction of C$169,200.00. In the last quarter, insiders purchased 80,100 shares of company stock valued at $1,650,580 and sold 14,308 shares valued at $301,530.

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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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