Paramount Resources Ltd. (TSE:POU) insider Clayton H. Riddell purchased 25,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were acquired at an average price of C$22.79 per share, for a total transaction of C$569,750.00.
Paramount Resources Ltd. (POU) traded down C$1.08 during trading on Thursday, hitting C$22.56. 364,860 shares of the stock traded hands, compared to its average volume of 367,511. Paramount Resources Ltd. has a 12 month low of C$14.60 and a 12 month high of C$25.57.
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Several brokerages recently commented on POU. Barclays PLC lifted their target price on shares of Paramount Resources from C$22.00 to C$26.00 in a report on Monday. CSFB boosted their price objective on shares of Paramount Resources from C$23.00 to C$26.50 in a report on Monday. Desjardins lifted their target price on shares of Paramount Resources from C$24.00 to C$26.50 in a research report on Monday. GMP Securities lifted their target price on shares of Paramount Resources from C$25.50 to C$29.00 in a research report on Monday. Finally, Laurentian lifted their target price on shares of Paramount Resources from C$33.00 to C$35.00 in a research report on Monday. Six equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Paramount Resources presently has an average rating of “Hold” and an average target price of C$27.75.
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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