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.
ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece of content on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The correct version of this piece of content can be viewed at https://www.dispatchtribunal.com/2017/11/11/paramount-resources-ltd-pou-given-new-c27-00-price-target-at-td-securities.html.
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.
Receive News & Ratings for Paramount Resources Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paramount Resources Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.