Paramount Resources, Ltd. to Post FY2020 Earnings of ($4.02) Per Share, Cormark Forecasts (POU)

Paramount Resources, Ltd. (TSE:POU) – Cormark issued their FY2020 earnings per share estimates for Paramount Resources in a research report issued on Tuesday. Cormark analyst A. Arif forecasts that the company will post earnings per share of ($4.02) for the year.

POU has been the subject of several other research reports. Laurentian boosted their price target on shares of Paramount Resources from C$29.00 to C$30.00 in a report on Friday, July 7th. Barclays PLC dropped their price objective on Paramount Resources from C$25.00 to C$21.00 in a research note on Monday, July 24th. Laurentian Bank of Canada raised their price objective on Paramount Resources from C$29.00 to C$30.00 in a research note on Friday, July 7th. Raymond James Financial, Inc. lifted their target price on Paramount Resources from C$26.00 to C$31.00 and gave the stock a “strong-buy” rating in a report on Monday, September 18th. Finally, TD Securities lifted their target price on Paramount Resources from C$17.50 to C$19.50 and gave the stock a “hold” rating in a report on Tuesday, July 11th. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of C$23.42.

COPYRIGHT VIOLATION NOTICE: “Paramount Resources, Ltd. to Post FY2020 Earnings of ($4.02) Per Share, Cormark Forecasts (POU)” was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The legal version of this story can be read at https://www.dispatchtribunal.com/2017/10/04/paramount-resources-ltd-to-post-fy2020-earnings-of-4-02-per-share-cormark-forecasts-pou.html.

Paramount Resources (TSE POU) traded down 2.34% during mid-day trading on Wednesday, hitting $23.76. 314,483 shares of the stock were exchanged. Paramount Resources has a 12-month low of $12.60 and a 12-month high of $25.57. The stock has a market capitalization of $2.52 billion and a P/E ratio of 1.94. The firm has a 50-day moving average price of $22.53 and a 200-day moving average price of $19.93.

In other Paramount Resources news, insider Clayton H. Riddell purchased 100,000 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The stock was bought at an average cost of C$24.45 per share, with a total value of C$2,445,000.00. Also, insider Darrel S. Purdy sold 21,200 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of C$8.17, for a total transaction of C$173,204.00. Over the last ninety days, insiders purchased 196,500 shares of company stock worth $4,771,335 and sold 56,400 shares worth $976,344.

About Paramount Resources

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.

Earnings History and Estimates for Paramount Resources (TSE:POU)

Receive News & Ratings for Paramount Resources Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paramount Resources Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply