The stock of Paramount Resources, Ltd. (TSE:POU) is a huge mover today! About 137,806 shares traded hands. Paramount Resources, Ltd. (TSE:POU) has risen 97.29% since March 10, 2016 and is uptrending. It has outperformed by 91.68% the S&P500.
The move comes after 7 months negative chart setup for the $1.72 billion company. It was reported on Oct, 17 by Barchart.com. We have $15.18 PT which if reached, will make TSE:POU worth $120.40 million less.
Paramount Resources, Ltd. (TSE:POU) Ratings Coverage
Out of 8 analysts covering Paramount Resources Ltd. (TSE:POU), 3 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 38% are positive. $40 is the highest target while $4 is the lowest. The $14.52 average target is -11.03% below today’s ($16.32) stock price. Paramount Resources Ltd. has been the topic of 35 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Monday, August 22, the company rating was maintained by Credit Suisse. The rating was maintained by TD Securities on Friday, August 7 with “Buy”. As per Monday, August 10, the company rating was maintained by Raymond James. The firm earned “Outperform” rating on Thursday, November 5 by Raymond James. As per Monday, June 6, the company rating was maintained by Raymond James. FirstEnergy Capital maintained Paramount Resources, Ltd. (TSE:POU) rating on Monday, August 10. FirstEnergy Capital has “Market Perform” rating and $20 price target. National Bank Canada initiated Paramount Resources, Ltd. (TSE:POU) rating on Tuesday, July 21. National Bank Canada has “Outperform” rating and $37 price target. The stock has “Neutral” rating given by Dundee Securities on Tuesday, January 12.
More news for Paramount Resources, Ltd. (TSE:POU) were recently published by: Moodys.com, which released: “Moody’s upgrades Paramount Resources to B3; Outlook Stable” on October 05, 2016. Finance.Yahoo.com‘s article titled: “Paramount Resources Ltd. announces a normal course issuer bid” and published on October 11, 2016 is yet another important article.
Paramount Resources Ltd. is engaged in exploring and developing conventional petroleum and natural gas prospects, which pursues non-conventional exploration and pre-development projects and holds a portfolio of investments in other entities. The company has a market cap of $1.72 billion. The Company’s principal properties are primarily located in Alberta, British Columbia and Northwest Territories. It currently has negative earnings. The Firm operates in three business divisions: Principal Properties, Strategic Investments and Corporate.
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