Paramount Resources (POU) Upgraded to “Outperform” by BMO Capital Markets

BMO Capital Markets upgraded shares of Paramount Resources (TSE:POU) from a market perform rating to an outperform rating in a research note released on Thursday. They currently have C$24.50 target price on the stock, down from their previous target price of C$26.00.

Other equities analysts have also recently issued research reports about the company. GMP Securities boosted their price target on Paramount Resources from C$25.50 to C$29.00 in a research report on Monday, November 13th. Laurentian boosted their price target on Paramount Resources from C$33.00 to C$35.00 in a research report on Monday, November 13th. Raymond James Financial boosted their price target on 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. CSFB boosted their price target on Paramount Resources from C$23.00 to C$26.50 in a research report on Monday, November 13th. Finally, Desjardins boosted their price target on Paramount Resources from C$24.00 to C$26.50 in a research report on Monday, November 13th. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of Buy and an average target price of C$27.50.

Paramount Resources (TSE:POU) opened at C$18.78 on Thursday. The stock has a market capitalization of $2,540.00, a PE ratio of 4.10 and a beta of 2.18. Paramount Resources has a 52-week low of C$14.60 and a 52-week high of C$25.57.

In other news, insider Matthew G. Ockenden sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of C$21.15, for a total transaction of C$169,200.00. Also, insider Clayton H. Riddell purchased 25,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were purchased at an average cost of C$22.79 per share, for a total transaction of C$569,750.00. In the last quarter, insiders have acquired 80,100 shares of company stock worth $1,650,580 and have sold 14,308 shares worth $301,530.

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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.

Analyst Recommendations for Paramount Resources (TSE:POU)

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