Paramount Resources, Ltd. (TSE:POU) PT Lowered to C$21.00 at Barclays PLC

Paramount Resources, Ltd. (TSE:POU) had its price target dropped by investment analysts at Barclays PLC from C$25.00 to C$21.00 in a report released on Monday, July 24th. Barclays PLC’s price objective points to a potential downside of 0.57% from the stock’s previous close.

POU has been the topic of several other research reports. Scotiabank reissued an “outperform” rating and issued a C$24.00 target price on shares of Paramount Resources in a report on Tuesday, May 2nd. Laurentian upped their target price on Paramount Resources from C$29.00 to C$30.00 in a report on Friday, July 7th. TD Securities lowered Paramount Resources to a “hold” rating and upped their target price for the company from C$14.50 to C$16.50 in a report on Thursday, May 11th. CSFB restated a “neutral” rating and issued a C$17.00 price objective on shares of Paramount Resources in a research report on Thursday, May 11th. Finally, Laurentian Bank of Canada upped their price objective on Paramount Resources from C$29.00 to C$30.00 in a research report on Friday, July 7th. Five equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of C$23.25.

Shares of Paramount Resources (POU) traded up 2.77% on Monday, reaching $21.12. The company’s stock had a trading volume of 634,674 shares. The stock has a market capitalization of $2.24 billion and a P/E ratio of 1.72. Paramount Resources has a 1-year low of $12.04 and a 1-year high of $22.41. The company has a 50 day moving average of $19.66 and a 200 day moving average of $18.56.

WARNING: This report was first reported by BNB Daily and is the property of of BNB Daily. If you are viewing this report on another website, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The correct version of this report can be accessed at https://www.baseball-news-blog.com/2017/08/19/paramount-resources-ltd-tsepou-price-target-lowered-to-c21-00-at-barclays-plc-updated-updated-updated.html.

In other Paramount Resources news, insider Clayton H. Riddell bought 2,000 shares of Paramount Resources stock in a transaction that occurred on Wednesday, July 12th. The shares were purchased at an average cost of C$18.68 per share, for a total transaction of C$37,360.00. Also, insider Matthew G. Ockenden sold 8,000 shares of the stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of C$22.00, for a total value of C$176,000.00.

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)

Receive News & Ratings for Paramount Resources Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paramount Resources Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply