Royal Bank Of Canada Increases Paramount Resources Ltd. (POU) Price Target to C$27.00
Paramount Resources Ltd. (TSE:POU) had its price objective increased by Royal Bank Of Canada from C$22.00 to C$27.00 in a report issued on Friday. The firm currently has a sector perform rating on the stock.
POU has been the topic of a number of other research reports. Barclays PLC upped their price target on shares of Paramount Resources from C$21.00 to C$22.00 in a research note on Monday, October 30th. BMO Capital Markets reiterated a market perform rating and issued a C$26.00 price target on shares of Paramount Resources in a research note on Tuesday, October 10th. Finally, Raymond James Financial, Inc. upped their price target on shares of Paramount Resources from C$26.00 to C$31.00 and gave the company a strong-buy rating in a research note on Monday, September 18th. Six investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of C$27.75.
Paramount Resources (TSE POU) opened at C$24.88 on Friday. Paramount Resources has a 52 week low of C$14.60 and a 52 week high of C$25.57.
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In other news, Director Dirk Jungé sold 4,508 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of C$20.59, for a total transaction of C$92,819.72. Also, insider Clayton H. Riddell purchased 100,000 shares of the business’s stock in a transaction dated Wednesday, September 20th. The shares were purchased at an average cost of C$24.45 per share, with a total value of C$2,445,000.00. In the last three months, insiders acquired 184,500 shares of company stock valued at $4,554,275 and sold 39,708 shares valued at $889,160.
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.
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