A report released earlier today by Barclays Capital about Paramount Resources (TSE:POU) ups the target price to $16.00
- Updated: September 26, 2016
Displaying a price of $15.31, Paramount Resources (TSE:POU) traded 5.09% higher on the day. The last closing price is up 44.42% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. Paramount Resources has recorded a 50-day moving average of $13.85 and a 200-day moving average of $10.29. 141,138 shares of Paramount Resources exchanged hands, down from an avg. volume of 629,765
In a report issued 9/26/2016 Barclays Capital bumped up the target of Paramount Resources (TSE:POU) from $14.00 to $16.00 indicating a possible upside of 0.05%.
On 9/14/2016, Raymond James released a statement for Paramount Resources (TSE:POU) upped the target price from $17.50 to $19.50. At the time, this suggested an upside of 0.30%.
Recent Performance Chart
With a total market value of $0, Paramount Resources has with a 52 week low of $2.86 and a 52 week high of $16.37 .
Also covering Paramount Resources's price target, a total of 15 analysts have issued a research note on the company. The one year target is $11.70 with 0 analysts rating the company a strong buy, six equity analysts rating the company a buy, nine brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 firms rating the company a sell.
Brief Synopsis About Paramount Resources (TSE:POU)
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's principal properties are primarily located in Alberta, British Columbia and Northwest Territories. The Company operates in three business segments: Principal Properties, Strategic Investments and Corporate. The Company's Principal Properties segment includes its corporate operating units (COUs), which are involved in the exploration, development, production and marketing of natural gas, natural gas liquids and crude oil having similar economic characteristics. Its COUs include the Kaybob COU, the Grande Prairie COU, the Southern COU and the Northern COU. The Company's Strategic Investments segment includes investments in other entities, such as affiliates.
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