Paramount Resources Ltd. (TSE:POU) had its target price lifted by Laurentian from C$33.00 to C$35.00 in a research note issued on Monday. Laurentian’s price objective suggests a potential upside of 48.05% from the company’s previous close.
POU has been the subject of several other reports. Barclays PLC boosted their price objective on shares of Paramount Resources from C$21.00 to C$22.00 in a research report on Monday, October 30th. Raymond James Financial, Inc. boosted 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 report on Monday, September 18th. BMO Capital Markets restated a “market perform” rating and issued a C$26.00 price target on shares of Paramount Resources in a report on Tuesday, October 10th. TD Securities boosted their price target on shares of Paramount Resources from C$23.00 to C$27.00 and gave the company a “hold” rating in a report on Friday, November 10th. Finally, Royal Bank Of Canada boosted their price target on shares of Paramount Resources from C$22.00 to C$27.00 and gave the company a “sector perform” rating in a report on Friday, November 10th. Six research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Paramount Resources presently has an average rating of “Hold” and a consensus target price of C$27.75.
Shares of Paramount Resources (POU) opened at C$23.64 on Monday. 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 related news, insider Darrel S. Purdy sold 21,200 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of C$23.50, for a total transaction of C$498,200.00. Also, insider Michael S. Han sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of C$21.49, for a total transaction of C$128,940.00. In the last quarter, insiders have purchased 184,500 shares of company stock valued at $4,554,275 and have sold 39,708 shares valued at $889,160.
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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