Paramount Resources Ltd. (TSE:POU) had its price target lifted by equities research analysts at Barclays PLC from C$22.00 to C$26.00 in a research note issued to investors on Monday. Barclays PLC’s price target points to a potential upside of 4.63% from the company’s previous close.
Other research analysts have also issued reports about the company. CSFB raised their price objective on Paramount Resources from C$23.00 to C$26.50 in a research report on Monday. Desjardins raised their target price on Paramount Resources from C$24.00 to C$26.50 in a research note on Monday. GMP Securities raised their target price on Paramount Resources from C$25.50 to C$29.00 in a research note on Monday. Laurentian raised their target price on Paramount Resources from C$33.00 to C$35.00 in a research note on Monday. Finally, TD Securities raised their target price on Paramount Resources from C$23.00 to C$27.00 and gave the company a “hold” rating in a research note on Friday. Six investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of C$27.75.
Paramount Resources (TSE POU) traded down C$0.08 during trading hours on Monday, reaching C$24.85. The company’s stock had a trading volume of 301,445 shares, compared to its average volume of 368,454. Paramount Resources has a one year low of C$13.99 and a one year high of C$25.57.
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In other news, insider Clayton H. Riddell purchased 80,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The stock was acquired at an average cost of C$25.00 per share, for a total transaction of C$2,000,000.00. Also, Director Dirk Jungé sold 4,508 shares of Paramount Resources stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of C$20.59, for a total value of C$92,819.72. Over the last quarter, insiders purchased 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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