The stock of Paramount Resources, Ltd. (TSE:POU) is a huge mover today! About 1.22M shares traded hands or 154.88% up from the average. Paramount Resources, Ltd. (TSE:POU) has risen 114.53% since April 11, 2016 and is uptrending. It has outperformed by 110.60% the S&P500.
The move comes after 7 months positive chart setup for the $1.76B company. It was reported on Nov, 15 by Barchart.com. We have $25.28 PT which if reached, will make TSE:POU worth $1.02B 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. Paramount Resources Ltd. has been the topic of 36 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Credit Suisse maintained the stock with “Neutral” rating in Monday, August 22 report. The rating was downgraded by Raymond James on Thursday, November 5 to “Outperform”. Raymond James maintained Paramount Resources, Ltd. (TSE:POU) on Monday, August 10 with “Strong Buy” rating. Raymond James maintained it with “” rating and $15 target price in Monday, June 6 report. FirstEnergy Capital maintained Paramount Resources, Ltd. (TSE:POU) on Monday, August 10 with “Market Perform” rating. Dundee Securities downgraded Paramount Resources, Ltd. (TSE:POU) on Tuesday, January 12 to “Neutral” rating. On Friday, August 7 the stock rating was maintained by TD Securities with “Buy”. The rating was initiated by National Bank Canada on Tuesday, July 21 with “Outperform”.
More 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 published the news titled: “Paramount Resources acquires 10 per cent of Seven Generations Energy in $1.9 …” on July 06, 2016. Marketwired.com‘s news article titled: “Paramount Resources Ltd. Announces the Closing of its Annual Bank Credit …” with publication date: June 13, 2016 was also an interesting one.
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 $1.76 billion. The Company’s principal properties are primarily located in Alberta, British Columbia and Northwest Territories. It has a 4.88 P/E ratio. The Firm operates in three business divisions: Principal Properties, Strategic Investments and Corporate.
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