Barclays PLC Increases Paramount Resources Ltd. (POU) Price Target to C$22.00

Paramount Resources Ltd. (TSE:POU) had its price target upped by research analysts at Barclays PLC from C$21.00 to C$22.00 in a research note issued to investors on Monday, October 30th. Barclays PLC’s target price suggests a potential downside of 6.94% from the company’s previous close.

Several other analysts have also weighed in on the company. BMO Capital Markets restated a “market perform” rating and issued a C$26.00 price objective on shares of Paramount Resources in a report on Tuesday, October 10th. Raymond James Financial, Inc. upped their price objective on Paramount Resources from C$26.00 to C$31.00 and gave the company a “strong-buy” rating in a report on Monday, September 18th. Laurentian Bank of Canada upped their price objective on Paramount Resources from C$29.00 to C$30.00 in a report on Friday, July 7th. Laurentian boosted their target price on Paramount Resources from C$29.00 to C$30.00 in a research report on Friday, July 7th. Finally, TD Securities boosted their target price on Paramount Resources from C$17.50 to C$19.50 and gave the stock a “hold” rating in a research report on Tuesday, July 11th. Six analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of C$27.75.

Shares of Paramount Resources (TSE:POU) opened at C$23.64 on Monday. Paramount Resources has a twelve month low of C$14.60 and a twelve month high of C$25.57.

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In other news, Director Dirk Jungé sold 4,508 shares of the company’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of C$20.59, for a total transaction of C$92,819.72. Also, Director Robert M. Macdonald purchased 1,500 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were bought at an average price of C$23.15 per share, with a total value of C$34,725.00. Over the last ninety days, insiders acquired 184,500 shares of company stock worth $4,554,275 and sold 39,708 shares worth $889,160.

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.

Analyst Recommendations for Paramount Resources (TSE:POU)

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