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 100,008 shares traded hands. Paramount Resources, Ltd. (TSE:POU) has risen 108.98% since April 21, 2016 and is uptrending. It has outperformed by 103.57% the S&P500.
The move comes after 6 months negative chart setup for the $1.77B company. It was reported on Nov, 25 by Barchart.com. We have $15.56 PT which if reached, will make TSE:POU worth $106.20 million less.

Paramount Resources, Ltd. (TSE:POU) Ratings Coverage

Out of 9 analysts covering Paramount Resources Ltd. (TSE:POU), 4 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 44% are positive. $40 is the highest target while $4 is the lowest. The $13.67 average target is -17.40% below today’s ($16.55) stock price. Paramount Resources Ltd. has been the topic of 37 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Monday, June 6 the stock rating was maintained by Raymond James with “”. The stock of Paramount Resources, Ltd. (TSE:POU) has “Neutral” rating given on Tuesday, January 12 by Dundee Securities. The firm has “Outperform” rating given on Tuesday, July 21 by National Bank Canada. The firm has “Neutral” rating by Credit Suisse given on Monday, August 22. The firm has “Market Perform” rating by FirstEnergy Capital given on Monday, August 10. The stock has “Outperform” rating given by Scotia Capital on Friday, November 18. The stock has “Strong Buy” rating given by Raymond James on Monday, August 10. The rating was maintained by TD Securities with “Buy” on Friday, August 7. The stock of Paramount Resources, Ltd. (TSE:POU) earned “Outperform” rating by Raymond James on Thursday, November 5.

More recent Paramount Resources, Ltd. (TSE:POU) news were published by: Reuters.com which released: “BRIEF-Paramount Resources Ltd announces that its senior unsecured notes du…” on November 17, 2016. Also Moodys.com published the news titled: “Moody’s upgrades Paramount Resources to B3; Outlook Stable” on October 05, 2016. Business.Financialpost.com‘s news article titled: “Paramount Resources acquires 10 per cent of Seven Generations Energy in $1.9 …” with publication date: July 06, 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 $1.77 billion. The Company’s principal properties are primarily located in Alberta, British Columbia and Northwest Territories. It has a 5.05 P/E ratio. The Firm operates in three business divisions: Principal Properties, Strategic Investments and Corporate.

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