Will Paramount Resources, Ltd. Go Down Anytime Soon?

 Will Paramount Resources, Ltd. Go Down Anytime Soon?

The stock of Paramount Resources, Ltd. (TSE:POU) is a huge mover today! About 123,833 shares traded hands. Paramount Resources, Ltd. (TSE:POU) has risen 106.47% since March 31, 2016 and is uptrending. It has outperformed by 105.38% the S&P500.
The move comes after 7 months positive chart setup for the $1.45 billion company. It was reported on Nov, 4 by Barchart.com. We have $17.34 PT which if reached, will make TSE:POU worth $319.00M 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 $14.60 average target is 2.74% above today’s ($14.21) stock price. Paramount Resources Ltd. has been the topic of 36 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was maintained by Credit Suisse on Monday, August 22 with “Neutral”. The company was downgraded on Tuesday, January 12 by Dundee Securities. As per Tuesday, July 21, the company rating was initiated by National Bank Canada. On Thursday, November 5 the stock rating was downgraded by Raymond James to “Outperform”. FirstEnergy Capital maintained Paramount Resources, Ltd. (TSE:POU) rating on Monday, August 10. FirstEnergy Capital has “Market Perform” rating and $20 price target. The stock has “Strong Buy” rating given by Raymond James on Monday, August 10. The stock of Paramount Resources, Ltd. (TSE:POU) has “Buy” rating given on Friday, August 7 by TD Securities. Raymond James maintained it with “” rating and $15 target price in Monday, June 6 report.

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 Business.Financialpost.com with their article: “Paramount Resources acquires 10 per cent of Seven Generations Energy in $1.9 …” published on July 06, 2016, Moodys.com published: “Moody’s upgrades Paramount Resources to B3; Outlook Stable” on October 05, 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 $1.45 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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