Paramount Resources, Ltd. (POU) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Paramount Resources, Ltd. (TSE:POU) have been assigned a consensus rating of “Buy” from the thirteen brokerages that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$27.10.

POU has been the topic of a number of research analyst reports. National Bank Financial lowered their price objective on shares of Paramount Resources from C$28.00 to C$26.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 9th. Royal Bank of Canada lowered their price objective on shares of Paramount Resources from C$24.00 to C$22.00 and set a “sector perform” rating on the stock in a research report on Friday. GMP Securities increased their price objective on shares of Paramount Resources from C$25.50 to C$29.00 in a research report on Monday, November 13th. CIBC lowered their price objective on shares of Paramount Resources from C$26.00 to C$23.00 in a research report on Tuesday, January 23rd. Finally, BMO Capital Markets upgraded shares of Paramount Resources from a “market perform” rating to an “outperform” rating and lowered their price objective for the company from C$26.00 to C$24.50 in a research report on Thursday, January 11th.

In other Paramount Resources news, insider Clayton H. Riddell purchased 10,000 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were acquired at an average cost of C$16.59 per share, for a total transaction of C$165,900.00. Also, insider Joerg Wittenberg sold 14,700 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of C$17.07, for a total transaction of C$250,929.00. Insiders acquired 130,200 shares of company stock worth $2,481,640 over the last quarter.

Shares of Paramount Resources (TSE:POU) opened at C$16.79 on Friday. Paramount Resources has a fifty-two week low of C$14.39 and a fifty-two week high of C$25.57. The company has a market cap of $2,270.00, a P/E ratio of 9.38 and a beta of 2.01.

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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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