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Paramount Resources (TSE:POU) target price raised to $20.50, reported today by Raymond James

Yesterday Paramount Resources (TSE:POU) traded 5.09% higher at $15.15. The company’s 50-day moving average is $13.85 and its 200-day moving average is $10.29. The last stock close price is up 44.42% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 141,138 shares of the stock were exchanged, down from an average trading volume of 629,765

Paramount Resources (TSE:POU) had its target price raised to $20.50 by Raymond James in a report released Monday September 26, 2016. The new target price indicates a possible upside of 0.35% based on the company's last stock close price.

Previously on Wednesday September 14, 2016, Raymond James reported about Paramount Resources (TSE:POU) raised the target price from $17.50 to $19.50. At the time, this indicated a possible upside of 0.30%.

See Chart Below

Paramount Resources (TSE:POU)

Paramount Resources has a 52 week low of $2.86 and a 52 week high of $16.37 The company’s market cap is currently $0.

A total of 15 analysts have released a research note on POU. zero analysts rating the company a strong buy, six analysts rating the company a buy, nine analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $11.70.

More 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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