Scotiabank Raises Paramount Resources Ltd. (POU) Price Target to C$28.00

Paramount Resources Ltd. (TSE:POU) had its price target boosted by Scotiabank from C$26.00 to C$28.00 in a research note released on Friday. Scotiabank currently has a sector perform rating on the stock.

A number of other research firms have also weighed in on POU. Raymond James Financial, Inc. raised their price target on shares of Paramount Resources from C$32.50 to C$36.00 and gave the company a strong-buy rating in a research report on Friday. Royal Bank Of Canada raised their price target on shares of Paramount Resources from C$22.00 to C$27.00 and gave the company a sector perform rating in a research report on Friday. BMO Capital Markets reissued a market perform rating and set a C$26.00 price target on shares of Paramount Resources in a research report on Tuesday, October 10th. Finally, Barclays PLC raised their price target on shares of Paramount Resources from C$21.00 to C$22.00 in a research report on Monday, October 30th. Six investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Paramount Resources has a consensus rating of Hold and a consensus target price of C$27.75.

Paramount Resources (TSE:POU) opened at C$24.88 on Friday. Paramount Resources has a 12-month low of C$14.60 and a 12-month high of C$25.57.

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In related news, insider Clayton H. Riddell acquired 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The stock was acquired at an average price of C$24.45 per share, for a total transaction of C$2,445,000.00. Also, Director Dirk Jungé sold 4,508 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of C$20.59, for a total transaction of C$92,819.72. In the last 90 days, insiders have purchased 184,500 shares of company stock valued at $4,554,275 and have sold 39,708 shares valued at $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.

Analyst Recommendations for Paramount Resources (TSE:POU)

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