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Paramount Resources (TSE:POU) Price Target Raised to C$23.00 at Royal Bank Of Canada

Paramount Resources logo with Energy background

Paramount Resources (TSE:POU - Get Free Report) had its price target hoisted by equities research analysts at Royal Bank Of Canada from C$21.00 to C$23.00 in a report released on Monday,BayStreet.CA reports. The brokerage presently has a "sector perform" rating on the stock. Royal Bank Of Canada's target price indicates a potential upside of 6.93% from the company's current price.

A number of other equities research analysts also recently issued reports on POU. CIBC cut their price target on Paramount Resources from C$24.50 to C$22.00 in a research note on Thursday, April 10th. Raymond James Financial set a C$20.00 price objective on shares of Paramount Resources and gave the stock a "market perform" rating in a report on Tuesday, April 8th. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$23.67.

Check Out Our Latest Report on Paramount Resources

Paramount Resources Stock Performance

Shares of POU traded down C$0.12 during trading hours on Monday, hitting C$21.51. The stock had a trading volume of 206,294 shares, compared to its average volume of 755,806. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.62 and a quick ratio of 0.68. Paramount Resources has a 12 month low of C$14.33 and a 12 month high of C$32.83. The firm has a market capitalization of C$3.20 billion, a PE ratio of 8.81, a PEG ratio of 0.14 and a beta of 3.04. The stock has a fifty day moving average price of C$19.44 and a 200 day moving average price of C$22.03.

Insider Transactions at Paramount Resources

In related news, Director Dirk Jungé acquired 2,000 shares of the stock in a transaction dated Wednesday, April 9th. The shares were purchased at an average cost of C$14.80 per share, with a total value of C$29,595.90. Also, Senior Officer Garth W.J. Stotts sold 5,122 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of C$19.16, for a total value of C$98,130.35. Corporate insiders own 45.36% of the company's stock.

About Paramount Resources

(Get Free Report)

Paramount Resources Ltd is a Canadian energy company that explores, develops, produces, and markets natural gas, crude oil, and natural gas liquids. The company takes part in exploration and production in Alberta and British Columbia. Sales for Paramount's products are priced in a multitude of markets that span the United States and Canada.

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