Paramount Resources (TSE:POU) had its price objective increased by National Bank Financial from C$10.50 to C$13.50 in a report issued on Friday morning, BayStreet.CA reports.
Other equities research analysts have also issued research reports about the company. ATB Capital upped their target price on Paramount Resources from C$6.25 to C$10.25 in a research report on Tuesday, February 9th. CIBC upped their target price on Paramount Resources from C$6.50 to C$9.00 in a research report on Tuesday, February 9th. Scotiabank upped their target price on Paramount Resources from C$3.50 to C$4.50 in a research report on Thursday, January 14th. TD Securities upped their target price on Paramount Resources from C$2.50 to C$3.25 and gave the company a hold rating in a research report on Monday, November 9th. Finally, Stifel Firstegy upgraded Paramount Resources from a hold rating to a buy rating in a research report on Friday, November 6th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of C$6.67.
Shares of POU stock opened at C$10.66 on Friday. Paramount Resources has a fifty-two week low of C$0.81 and a fifty-two week high of C$11.49. The firm has a market capitalization of C$1.43 billion and a price-to-earnings ratio of -3.88. The company has a debt-to-equity ratio of 49.75, a quick ratio of 0.45 and a current ratio of 0.59. The stock’s 50-day simple moving average is C$7.24 and its 200-day simple moving average is C$4.09.
In other news, Senior Officer Phillip G. Tahmazian sold 10,599 shares of the company’s stock in a transaction that occurred on Thursday, November 26th. The stock was sold at an average price of C$3.77, for a total transaction of C$39,982.61. Also, Senior Officer Joerg Wittenberg sold 32,000 shares of the company’s stock in a transaction that occurred on Friday, February 12th. The stock was sold at an average price of C$10.75, for a total value of C$344,000.00. Following the transaction, the insider now directly owns 12,000 shares of the company’s stock, valued at C$129,000.
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 the Montney and Duvernay developments located in Alberta and British Columbia. The company also invests in public and private corporations.
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