A statement released earlier today by CSFB about Paramount Resources (TSE:POU) bumps the target price to $13.50
- Updated: September 17, 2016
CSFB bumped the target stock price of Paramount Resources (TSE:POU) to $14, stating a possible upside of 0.04%.
Previously on 8/20/2016, RBC Capital Markets released a statement for Paramount Resources(TSE:POU) raised the target price from $10.00 to $15.00. At the time, this suggested an upside of 0.12%.
Only yesterday Paramount Resources (TSE:POU) traded 2.23% lower at $13.01. The company’s 50-day average is $13.59 and its two hundred day average is $10.06. With the last stock price up 48.28% from the two hundred day average, compared to the S&P 500 Index which has decreased -0.01% over the same time. Volume of trade was was down over the average, with 486,628 shares of POU changing hands under the typical 650,676 shares..
Recent Performance Graphic:
With a market cap of $0.0, Paramount Resources has a 52 week low of $2.86 and a one-year high of $16.37 with a price-earnings ratio of 0.
In addition to CSFB reporting it’s target price, a total of 15 firms have issued a research note on the stock. The one year target is $11.36 with 0 rating the company a strong buy, 0 rating the stock a buy, 0 firms rating the stock a hold, 0 rating the stock to underperform, and lastly 0 brokeragesrating the company as sell.
General Company Details For 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, and such as affiliates.
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