Paramount Resources, Ltd.’s Trend Up, Especially After Today’s Strong Session

 Paramount Resources, Ltd.'s Trend Up, Especially After Today's Strong Session

The stock of Paramount Resources, Ltd. (TSE:POU) is a huge mover today! About 149,086 shares traded hands. Paramount Resources, Ltd. (TSE:POU) has risen 82.61% since April 26, 2016 and is uptrending. It has outperformed by 77.38% the S&P500.
The move comes after 7 months positive chart setup for the $1.89B company. It was reported on Nov, 30 by Barchart.com. We have $18.51 PT which if reached, will make TSE:POU worth $75.60M more.

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 -23.20% below today’s ($17.8) stock price. Paramount Resources Ltd. has been the topic of 37 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was downgraded by Raymond James on Thursday, November 5 to “Outperform”. The firm earned “Strong Buy” rating on Monday, August 10 by Raymond James. The rating was maintained by Scotia Capital on Friday, November 18 with “Outperform”. The rating was maintained by TD Securities on Friday, August 7 with “Buy”. Dundee Securities downgraded the stock to “Neutral” rating in Tuesday, January 12 report. On Tuesday, July 21 the stock rating was initiated by National Bank Canada with “Outperform”. The stock of Paramount Resources, Ltd. (TSE:POU) earned “” rating by Raymond James on Monday, June 6. The stock has “Market Perform” rating given by FirstEnergy Capital on Monday, August 10. The firm has “Neutral” rating by Credit Suisse given on Monday, August 22.

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 $1.89 billion. The Company’s principal properties are primarily located in Alberta, British Columbia and Northwest Territories. It has a 5.43 P/E ratio. The Firm operates in three business divisions: Principal Properties, Strategic Investments and Corporate.

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