Paramount Resources Ltd. (TSE:POU) insider Clayton H. Riddell acquired 25,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was purchased at an average price of C$22.79 per share, for a total transaction of C$569,750.00.
Shares of Paramount Resources Ltd. (POU) opened at C$22.42 on Friday. Paramount Resources Ltd. has a 52 week low of C$14.60 and a 52 week high of C$25.57.
TRADEMARK VIOLATION WARNING: This piece of content was first reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark law. The correct version of this piece of content can be read at https://www.dispatchtribunal.com/2017/11/18/clayton-h-riddell-buys-25000-shares-of-paramount-resources-ltd-pou-stock.html.
A number of equities research analysts recently issued reports on POU shares. Barclays PLC lowered their price objective on Paramount Resources from C$25.00 to C$21.00 in a research note on Monday, July 24th. Raymond James Financial, Inc. upped their price target on 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 reiterated a “market perform” rating and set a C$26.00 price target on shares of Paramount Resources in a research report on Tuesday, October 10th. Royal Bank Of Canada upped their price target on Paramount Resources from C$22.00 to C$27.00 and gave the company a “sector perform” rating in a research report on Friday, November 10th. Finally, Scotiabank upped their price target on Paramount Resources from C$26.00 to C$28.00 and gave the company a “sector perform” rating in a research report on Friday, November 10th. Six equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Paramount Resources presently has an average rating of “Hold” and a consensus target price of C$27.75.
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.
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.