Paramount Resources Ltd. (POU) Given New C$27.00 Price Target at TD Securities

Paramount Resources Ltd. (TSE:POU) had its price objective lifted by TD Securities from C$23.00 to C$27.00 in a research report released on Friday morning. The brokerage currently has a hold rating on the stock.

A number of other equities research analysts also recently weighed in on POU. Barclays PLC lowered their price objective on shares of Paramount Resources from C$25.00 to C$21.00 in a research report on Monday, July 24th. Raymond James Financial, Inc. boosted their price objective on shares of Paramount Resources from C$26.00 to C$31.00 and gave the company a strong-buy rating in a research report on Monday, September 18th. BMO Capital Markets reaffirmed a market perform rating and set a C$26.00 price objective on shares of Paramount Resources in a research report on Tuesday, October 10th. Royal Bank of Canada boosted their price objective on shares of Paramount Resources from C$22.00 to C$27.00 and gave the company a sector perform rating in a research report on Friday. Finally, Scotiabank boosted their price objective on shares of Paramount Resources from C$26.00 to C$28.00 and gave the company a sector perform rating in a research report on Friday. Six equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Hold and an average price target of C$25.25.

Shares of Paramount Resources (TSE POU) traded down C$0.08 during trading hours on Friday, hitting C$24.85. 301,445 shares of the company were exchanged, compared to its average volume of 368,454. Paramount Resources has a twelve month low of C$13.99 and a twelve month high of C$25.57.

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In related news, insider Clayton H. Riddell purchased 100,000 shares of Paramount Resources stock in a transaction dated Wednesday, September 20th. The stock was bought at an average cost of C$24.45 per share, with a total value of C$2,445,000.00. Also, insider Clayton H. Riddell purchased 80,000 shares of Paramount Resources stock in a transaction dated Thursday, September 21st. The stock was bought at an average cost of C$25.00 per share, with a total value of C$2,000,000.00. Over the last ninety days, insiders bought 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.

Analyst Recommendations for Paramount Resources (TSE:POU)

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