Paramount Resources (TSE:POU) insider Darrel S. Purdy sold 3,500 shares of the firm’s stock in a transaction on Thursday, April 19th. The stock was sold at an average price of C$17.28, for a total value of C$60,480.00.
Shares of TSE:POU opened at C$17.17 on Friday. Paramount Resources has a 12-month low of C$13.93 and a 12-month high of C$25.57.
Paramount Resources (TSE:POU) last announced its quarterly earnings results on Thursday, March 8th. The company reported C($0.79) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C($0.66) by C($0.13). Paramount Resources had a net margin of 206.65% and a return on equity of 42.13%. The company had revenue of C$258.90 million during the quarter, compared to analysts’ expectations of C$257.10 million.
Several research firms have commented on POU. CIBC raised their price objective on Paramount Resources from C$20.00 to C$22.00 in a report on Tuesday, March 20th. Royal Bank of Canada reduced their price objective on Paramount Resources from C$24.00 to C$22.00 and set a “sector perform” rating on the stock in a report on Friday, March 9th. GMP Securities reduced their price objective on Paramount Resources from C$26.00 to C$22.75 in a report on Friday, March 9th. BMO Capital Markets upgraded Paramount Resources from a “market perform” rating to an “outperform” rating and reduced their price objective for the stock from C$26.00 to C$24.50 in a report on Thursday, January 11th. Finally, National Bank Financial reduced their price objective on Paramount Resources from C$28.00 to C$26.00 and set an “outperform” rating on the stock in a report on Tuesday, January 9th. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of C$27.10.
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Paramount Resources Company Profile
Paramount Resources Ltd., an independent energy company, explores for, develops, produces, and markets natural gas, crude oil, and natural gas liquids in Canada. Its principal properties are located in Alberta and British Columbia. The company also invests in public and private corporations. Paramount Resources Ltd.
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