Clayton H. Riddell Buys 25,000 Shares of Paramount Resources Ltd. (POU) Stock

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.

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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.

Insider Buying and Selling by Quarter for Paramount Resources (TSE:POU)

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