Paramount Resources (POU) PT Lowered to C$21.50

Paramount Resources (TSE:POU) had its price target trimmed by National Bank Financial from C$24.50 to C$21.50 in a research report sent to investors on Thursday. The firm currently has an outperform rating on the stock.

Several other analysts have also commented on POU. Raymond James lowered Paramount Resources from a strong-buy rating to an outperform rating and decreased their price objective for the company from C$36.75 to C$25.00 in a report on Thursday, May 10th. CIBC decreased their price objective on Paramount Resources from C$20.00 to C$17.50 in a report on Thursday, May 10th. TD Securities decreased their price objective on Paramount Resources from C$20.00 to C$18.00 and set a hold rating for the company in a report on Thursday, May 10th. Scotiabank lowered Paramount Resources from an outperform rating to a sector perform rating and decreased their price objective for the company from C$30.00 to C$20.00 in a report on Thursday, May 10th. Finally, BMO Capital Markets decreased their price objective on Paramount Resources from C$24.50 to C$20.00 in a report on Thursday, May 10th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of C$22.98.

Paramount Resources opened at C$13.10 on Thursday, Marketbeat reports. Paramount Resources has a twelve month low of C$12.72 and a twelve month high of C$25.57.

In other news, Director Dirk Jungé sold 2,800 shares of the stock in a transaction on Thursday, July 5th. The stock was sold at an average price of C$11.06, for a total transaction of C$30,968.00. Also, insider Rodrigo Sousa acquired 9,500 shares of the firm’s stock in a transaction dated Monday, June 18th. The shares were acquired at an average price of C$15.18 per share, with a total value of C$144,210.00. In the last quarter, insiders have bought 15,600 shares of company stock valued at $234,423.

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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Analyst Recommendations for Paramount Resources (TSE:POU)

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