Is Paramount Resources, Ltd.’s Fuel Running Low? The Stock Just Declined Again

 Is Paramount Resources, Ltd.'s Fuel Running Low? The Stock Just Declined Again

The stock of Paramount Resources, Ltd. (TSE:POU) is a huge mover today! About 427,080 shares traded hands. Paramount Resources, Ltd. (TSE:POU) has risen 115.65% since March 24, 2016 and is uptrending. It has outperformed by 112.18% the S&P500.
The move comes after 5 months negative chart setup for the $1.60B company. It was reported on Oct, 31 by Barchart.com. We have $14.21 PT which if reached, will make TSE:POU worth $112.00 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. Paramount Resources Ltd. has been the topic of 36 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Tuesday, January 12 the stock rating was downgraded by Dundee Securities to “Neutral”. Credit Suisse maintained Paramount Resources, Ltd. (TSE:POU) rating on Monday, August 22. Credit Suisse has “Neutral” rating and $13.50 price target. The firm earned “” rating on Monday, June 6 by Raymond James. The stock has “Buy” rating given by TD Securities on Friday, August 7. The company was initiated on Tuesday, July 21 by National Bank Canada. The firm earned “Strong Buy” rating on Monday, August 10 by Raymond James. On Thursday, November 5 the stock rating was downgraded by Raymond James to “Outperform”. The firm earned “Market Perform” rating on Monday, August 10 by FirstEnergy Capital.

More notable recent Paramount Resources, Ltd. (TSE:POU) news were published by: Bloomberg.com which released: “Paramount Resources Said to Explore Midstream Asset Options” on December 07, 2015, also Moodys.com with their article: “Moody’s upgrades Paramount Resources to B3; Outlook Stable” published on October 05, 2016, Business.Financialpost.com published: “Paramount Resources acquires 10 per cent of Seven Generations Energy in $1.9 …” on July 06, 2016. More interesting news about Paramount Resources, Ltd. (TSE:POU) were released by: Marketwired.com and their article: “Paramount Resources Ltd. Announces the Closing of its Annual Bank Credit …” published on June 13, 2016 as well as Business.Financialpost.com‘s news article titled: “Paramount Resources misses expectations as it reports second quarter results” with publication date: August 05, 2016.

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 $1.60 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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