Is Selling Stock Like Paramount Resources, Ltd. After Such Decline Winning Strategy?

 Is Selling Stock Like Paramount Resources, Ltd. After Such Decline Winning Strategy?

The stock of Paramount Resources, Ltd. (TSE:POU) is a huge mover today! About 166,622 shares traded hands. Paramount Resources, Ltd. (TSE:POU) has risen 133.60% since April 7, 2016 and is uptrending. It has outperformed by 127.46% the S&P500.
The move comes after 9 months negative chart setup for the $1.56 billion company. It was reported on Nov, 11 by Barchart.com. We have $13.09 PT which if reached, will make TSE:POU worth $140.40 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 $14.60 average target is 1.53% above today’s ($14.38) 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 FirstEnergy Capital on Monday, August 10 with “Market Perform”. The stock has “Strong Buy” rating given by Raymond James on Monday, August 10. 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. The rating was downgraded by Dundee Securities to “Neutral” on Tuesday, January 12. The rating was initiated by National Bank Canada on Tuesday, July 21 with “Outperform”. The rating was maintained by Credit Suisse with “Neutral” on Monday, August 22. TD Securities maintained Paramount Resources, Ltd. (TSE:POU) on Friday, August 7 with “Buy” rating.

More important 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 published article titled: “Moody’s upgrades Paramount Resources to B3; Outlook Stable”, 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) was released by: Marketwired.com and their article: “Paramount Resources Ltd. Announces the Closing of its Annual Bank Credit …” with publication date: June 13, 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 $1.56 billion. The Company’s principal properties are primarily located in Alberta, British Columbia and Northwest Territories. It has a 4.39 P/E ratio. The Firm operates in three business divisions: Principal Properties, Strategic Investments and Corporate.

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