Paramount Resources, Ltd. (TSE:POU) Insider Rodrigo Sousa Purchases 7,600 Shares

Paramount Resources, Ltd. (TSE:POU) insider Rodrigo Sousa acquired 7,600 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were bought at an average price of C$16.85 per share, with a total value of C$128,060.00.

Rodrigo Sousa also recently made the following trade(s):

  • On Wednesday, December 13th, Rodrigo Sousa acquired 600 shares of Paramount Resources stock. The shares were bought at an average price of C$17.80 per share, with a total value of C$10,680.00.
  • On Monday, December 11th, Rodrigo Sousa acquired 2,000 shares of Paramount Resources stock. The shares were bought at an average price of C$18.20 per share, with a total value of C$36,400.00.
  • On Thursday, December 7th, Rodrigo Sousa bought 2,500 shares of Paramount Resources stock. The shares were acquired at an average cost of C$18.34 per share, for a total transaction of C$45,850.00.

Shares of Paramount Resources, Ltd. (POU) traded up C$0.87 during trading on Wednesday, hitting C$17.16. 402,600 shares of the stock were exchanged, compared to its average volume of 402,854. Paramount Resources, Ltd. has a 52-week low of C$14.39 and a 52-week high of C$25.57. The stock has a market cap of $2,140.00, a P/E ratio of 3.75 and a beta of 2.07.

A number of research analysts have commented on POU shares. Raymond James Financial raised their target price on shares of Paramount Resources from C$32.50 to C$36.00 and gave the company a “strong-buy” rating in a research report on Friday, November 10th. TD Securities raised their target price on shares of Paramount Resources from C$23.00 to C$27.00 and gave the company a “hold” rating in a research report on Friday, November 10th. CIBC cut their target price on shares of Paramount Resources from C$26.00 to C$23.00 in a research report on Tuesday, January 23rd. National Bank Financial cut their target price on shares of Paramount Resources from C$28.00 to C$26.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 9th. Finally, Desjardins raised their target price on shares of Paramount Resources from C$24.00 to C$26.50 in a research report on Monday, November 13th. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of C$28.04.

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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.

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

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