Can Paramount Resources, Ltd.’s Tomorrow Be Different? The Stock Increases Again

 Can Paramount Resources, Ltd.'s Tomorrow Be Different? The Stock Increases Again

The stock of Paramount Resources, Ltd. (TSE:POU) is a huge mover today! About 79,261 shares traded hands. Paramount Resources, Ltd. (TSE:POU) has risen 86.79% since March 14, 2016 and is uptrending. It has outperformed by 81.25% the S&P500.
The move comes after 9 months positive chart setup for the $1.84 billion company. It was reported on Oct, 19 by Barchart.com. We have $24.32 PT which if reached, will make TSE:POU worth $772.80 million more.

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 -15.24% below today’s ($17.13) stock price. Paramount Resources Ltd. has been the topic of 35 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Raymond James downgraded the shares of POU in a report on Thursday, November 5 to “Outperform” rating. The firm has “” rating by Raymond James given on Monday, June 6. The firm has “Neutral” rating given on Monday, August 22 by Credit Suisse. As per Monday, August 10, the company rating was maintained by FirstEnergy Capital. The rating was downgraded by Dundee Securities on Tuesday, January 12 to “Neutral”. TD Securities maintained Paramount Resources, Ltd. (TSE:POU) rating on Friday, August 7. TD Securities has “Buy” rating and $30 price target. The stock of Paramount Resources, Ltd. (TSE:POU) has “Outperform” rating given on Tuesday, July 21 by National Bank Canada. As per Monday, August 10, the company rating was maintained by Raymond James.

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. Business.Financialpost.com‘s article titled: “Paramount Resources acquires 10 per cent of Seven Generations Energy in $1.9 …” and published on July 06, 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 $1.84 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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