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Paramount Resources (TSE:POU) target price lowered to $15.50, reported today by TD Securities

Just yesterday Paramount Resources (TSE:POU) traded -5.98% lower at $14.00. Paramount Resources’s 50-day moving average is $13.90 and its 200-day moving average is $10.36. The last stock price is up 35.14% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 700,695 shares of POU traded hands, up from an average trading volume of 627,924

Paramount Resources (TSE:POU) had its target price lowered to $15.50 by TD Securities in an issued report announced 9/27/2016. The bumped down target suggests a potential upside of 0.11% from the company's previous stock price.

Previously on Monday September 26, 2016, Raymond James released a statement about Paramount Resources (TSE:POU) increased the target price from $19.50 to $20.50. At the time, this indicated a possible upside of 0.35%.

Recent Performance Chart

Paramount Resources (TSE:POU)

Paramount Resources has 52 week low of $2.86 and a 52 week high of $16.37 and has a market capitalization of $0.

In addition to TD Securities reporting its stock price target, a total of 15 brokerages have issued a research note on the company. The average stock price target is $11.62 with 0 brokerages rating the stock a strong buy, 6 brokerages rating the stock a buy, 9 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On 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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