Paramount Resources (TSE:POU) had its target price lowered by National Bank Financial from C$21.50 to C$20.00 in a research note released on Friday morning. The firm currently has an outperform rating on the stock.
Other equities research analysts have also recently issued research reports about the stock. TD Securities cut their price target on shares of Paramount Resources from C$18.00 to C$16.00 in a report on Thursday, August 9th. CIBC increased their price target on shares of Paramount Resources from C$17.50 to C$19.00 in a report on Monday, October 15th. BMO Capital Markets cut their price target on shares of Paramount Resources from C$20.00 to C$18.00 in a report on Tuesday, October 9th. Finally, Royal Bank of Canada cut their price target on shares of Paramount Resources from C$20.00 to C$18.00 and set a sector perform rating on the stock in a report on Thursday, August 9th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Paramount Resources currently has a consensus rating of Buy and a consensus price target of C$21.52.
Shares of TSE:POU traded down C$1.24 during trading on Friday, reaching 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 current ratio of 1.18, a quick ratio of 0.36 and a debt-to-equity ratio of 34.24.
In related news, Director Dirk Jungé sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, October 19th. The shares were sold at an average price of C$11.98, for a total value of C$35,940.00. Also, insider Clayton H. Riddell bought 200,000 shares of the company’s stock in a transaction that occurred on Monday, August 13th. The stock was bought at an average price of C$13.08 per share, for a total transaction of C$2,616,000.00.
Paramount Resources Company Profile
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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