Paramount Resources (TSE:POU) had its target price decreased by National Bank Financial from C$21.50 to C$20.00 in a report released on Friday morning. National Bank Financial currently has an outperform rating on the stock.
Several other analysts also recently commented on POU. TD Securities decreased their price objective on shares of Paramount Resources from C$18.00 to C$16.00 in a research report on Thursday, August 9th. Royal Bank of Canada decreased their price objective on shares of Paramount Resources from C$20.00 to C$18.00 and set a sector perform rating on the stock in a research report on Thursday, August 9th. BMO Capital Markets decreased their price objective on shares of Paramount Resources from C$20.00 to C$18.00 in a research report on Tuesday, October 9th. Finally, CIBC raised their price objective on shares of Paramount Resources from C$17.50 to C$19.00 in a research report on Monday, October 15th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Paramount Resources currently has an average rating of Buy and an average target price of C$21.52.
Shares of POU stock traded down C$1.24 on Friday, hitting C$8.39. 1,471,800 shares of the stock traded hands, compared to its average volume of 414,573. Paramount Resources has a 52 week low of C$8.08 and a 52 week high of C$24.99. The company has a debt-to-equity ratio of 34.24, a quick ratio of 0.36 and a current ratio of 1.18.
In related news, insider Clayton H. Riddell purchased 200,000 shares of Paramount Resources stock in a transaction on Monday, August 13th. The shares were bought at an average cost of C$13.08 per share, for a total transaction of C$2,616,000.00. Also, Director Dirk Jungé sold 3,000 shares of Paramount Resources stock in a transaction on Friday, October 19th. The shares were sold at an average price of C$11.98, for a total transaction of C$35,940.00.
About Paramount Resources
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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