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.

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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)

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