Paramount Resources Ltd. (TSE:POU) had its price target lifted by stock analysts at CSFB from C$23.00 to C$26.50 in a research note issued to investors on Monday. CSFB’s price objective suggests a potential upside of 12.10% from the company’s previous close.
Several other equities analysts have also recently commented on POU. Barclays PLC reduced their target price on Paramount Resources from C$25.00 to C$21.00 in a research note on Monday, July 24th. Raymond James Financial, Inc. increased their target price on Paramount Resources from C$26.00 to C$31.00 and gave the company a “strong-buy” rating in a research note on Monday, September 18th. BMO Capital Markets reiterated a “market perform” rating and set a C$26.00 target price on shares of Paramount Resources in a research note on Tuesday, October 10th. Royal Bank Of Canada increased their target price on Paramount Resources from C$22.00 to C$27.00 and gave the company a “sector perform” rating in a research note on Friday, November 10th. Finally, Scotiabank increased their target price on Paramount Resources from C$26.00 to C$28.00 and gave the company a “sector perform” rating in a research note on Friday, November 10th. Six investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Paramount Resources presently has a consensus rating of “Hold” and an average target price of C$27.75.
Paramount Resources (TSE:POU) opened at C$23.64 on Monday. Paramount Resources has a fifty-two week low of C$14.60 and a fifty-two week high of C$25.57.
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In related news, insider Michael S. Han sold 6,000 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of C$21.49, for a total transaction of C$128,940.00. Also, Director Robert M. Macdonald acquired 1,500 shares of Paramount Resources stock in a transaction that occurred on Friday, September 15th. The shares were purchased at an average price of C$23.15 per share, for a total transaction of C$34,725.00. Over the last 90 days, insiders have purchased 184,500 shares of company stock worth $4,554,275 and have sold 39,708 shares worth $889,160.
Paramount Resources Company Profile
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.
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