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A statement released earlier today by Laurentian Bank about Paramount Resources (TSE:POU) bumps the target price to $30.00

Boasting a price of $17.48, Paramount Resources (TSE:POU) traded 1.49% higher on the day. With the last stock price close down 18.31% from the two hundred day average, compared with the S&P 500 Index which has increased 0.05% over the date range. Paramount Resources has recorded a 50-day average of $19.39 and a two hundred day average of $18.41. Volume of trade was up over the average, with 453,937 shares of POU changing hands over the typical 405,516

Laurentian Bank upped the price target of Paramount Resources (TSE:POU) to $30.00 indicating a possible upside of 0.72%.

On 6/12/2017, BMO Capital Markets released a statement for Paramount Resources (TSE:POU) bumped up the target price from $22.00 to $25.00 that suggested an upside of 0.21%.

Performance Chart

Paramount Resources (TSE:POU)

With a total market value of $0, Paramount Resources has price-earnings ratio of 1.78 with a one year low of $12.04 and a one year high of $22.41 .

A total of 15 equity analysts have released a ratings update on POU. One equity analyst rating the company a strong buy, four equity analysts rating the company a buy, ten equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $13.97.

Brief Synopsis About Paramount Resources (TSE:POU)

Paramount Resources Ltd. is an energy company. The Company explores and develops unconventional and conventional petroleum and natural gas prospects, including long-term unconventional exploration and pre-development projects, and holds a portfolio of investments in other entities. The Company's segments include Principal Properties, Strategic Investments and Corporate. The Principal Properties segment includes the Company's Corporate Operating Units (COUs), which are involved in the exploration, development, production and marketing of natural gas, natural gas liquids and crude oil. The Strategic investments include investments in other entities; investments in exploration and development stage assets, including oil sands and carbonate bitumen interests, and prospective shale gas acreage in the Liard and Horn River Basin, and drilling rigs owned by its subsidiary, Fox Drilling Limited Partnership (Fox Drilling). Fox Drilling owns seven triple-sized rigs.

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