Paramount Resources, Ltd. (TSE:POU) Director Robert M. Macdonald bought 1,500 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were acquired at an average price of C$23.15 per share, with a total value of C$34,725.00.
Shares of Paramount Resources, Ltd. (POU) traded down 1.40% on Friday, hitting $23.24. 1,646,179 shares of the stock were exchanged. The company has a market cap of $2.47 billion and a P/E ratio of 1.90. The firm’s 50-day moving average is $21.09 and its 200-day moving average is $19.16. Paramount Resources, Ltd. has a one year low of $12.60 and a one year high of $23.95.
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Several research analysts recently issued reports on the stock. Scotiabank cut shares of Paramount Resources from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from C$26.00 to C$24.50 in a report on Monday, July 10th. BMO Capital Markets increased their price target on shares of Paramount Resources from C$22.00 to C$25.00 and gave the stock an “outperform” rating in a report on Monday, June 12th. TD Securities increased their price target on shares of Paramount Resources from C$17.50 to C$19.50 and gave the stock a “hold” rating in a report on Tuesday, July 11th. Laurentian Bank of Canada increased their price target on shares of Paramount Resources from C$29.00 to C$30.00 in a report on Friday, July 7th. Finally, Barclays PLC cut their price target on shares of Paramount Resources from C$25.00 to C$21.00 in a report on Monday, July 24th. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of C$23.25.
Paramount Resources Company Profile
Paramount Resources Ltd., an independent energy company, explores for, develops, produces, and markets natural gas, crude oil, and natural gas liquids in Canada. The company operates through three segments: Principal Properties, Strategic Investments, and Corporate. Its principal properties are located in Alberta and British Columbia.
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