Paramount Resources, Ltd. (TSE:POU) insider Rodrigo Sousa purchased 2,500 shares of Paramount Resources stock in a transaction that occurred on Wednesday, March 14th. The stock was bought at an average cost of C$15.50 per share, with a total value of C$38,750.00.
Rodrigo Sousa also recently made the following trade(s):
- On Wednesday, February 7th, Rodrigo Sousa purchased 7,600 shares of Paramount Resources stock. The stock was bought at an average cost of C$16.85 per share, with a total value of C$128,060.00.
Shares of Paramount Resources, Ltd. (TSE:POU) traded up C$0.19 during trading hours on Friday, hitting C$16.09. 81,791 shares of the stock were exchanged, compared to its average volume of 380,969. Paramount Resources, Ltd. has a 1-year low of C$14.39 and a 1-year high of C$25.57. The stock has a market capitalization of $2,100.00, a PE ratio of 8.99 and a beta of 2.01.
A number of equities research analysts recently weighed in on POU shares. CIBC reduced their price target on shares of Paramount Resources from C$26.00 to C$23.00 in a research report on Tuesday, January 23rd. BMO Capital Markets raised shares of Paramount Resources from a “market perform” rating to an “outperform” rating and reduced their price target for the company from C$26.00 to C$24.50 in a research report on Thursday, January 11th. National Bank Financial reduced their price target on shares of Paramount Resources from C$28.00 to C$26.00 and set an “outperform” rating for the company in a research report on Tuesday, January 9th. Royal Bank of Canada reduced their price target on shares of Paramount Resources from C$24.00 to C$22.00 and set a “sector perform” rating for the company in a research report on Friday, March 9th. Finally, GMP Securities reduced their price target on shares of Paramount Resources from C$26.00 to C$22.75 in a research report on Friday, March 9th. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Paramount Resources currently has an average rating of “Buy” and a consensus price target of C$27.10.
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About Paramount Resources
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.
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