Paramount Resources, Ltd. (POU) Receives C$27.50 Consensus PT from Brokerages

Paramount Resources, Ltd. (TSE:POU) has been assigned an average recommendation of “Buy” from the thirteen analysts that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$28.04.

POU has been the subject of several research analyst reports. Barclays increased their price objective on Paramount Resources from C$22.00 to C$26.00 in a research report on Monday, November 13th. Scotiabank increased their price objective on Paramount Resources from C$26.00 to C$28.00 and gave the stock a “sector perform” rating in a research report on Friday, November 10th. BMO Capital Markets reiterated a “market perform” rating and issued a C$26.00 price objective on shares of Paramount Resources in a research report on Tuesday, October 10th. Royal Bank of Canada increased their price objective on Paramount Resources from C$22.00 to C$27.00 and gave the stock a “sector perform” rating in a research report on Friday, November 10th. Finally, TD Securities increased their price objective on Paramount Resources from C$23.00 to C$27.00 and gave the stock a “hold” rating in a research report on Friday, November 10th.

Paramount Resources (TSE POU) traded up C$0.53 during trading on Friday, hitting C$19.50. The stock had a trading volume of 344,452 shares, compared to its average volume of 403,166. Paramount Resources has a twelve month low of C$14.60 and a twelve month high of C$25.57. The stock has a market capitalization of $2,630.00, a PE ratio of 4.26 and a beta of 2.18.

Paramount Resources (TSE:POU) last released its quarterly earnings data on Thursday, November 9th. The company reported C$0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C($0.47) by C$1.07. Paramount Resources had a return on equity of 10.79% and a net margin of 65.60%.

In related news, insider Clayton H. Riddell acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were acquired at an average price of C$16.59 per share, with a total value of C$165,900.00. Also, insider Gail Yester sold 1,800 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of C$21.95, for a total value of C$39,510.00. Insiders acquired 80,100 shares of company stock worth $1,650,580 in the last three months.

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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.

Analyst Recommendations for Paramount Resources (TSE:POU)

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