Paramount Resources (TSE:POU) had its price objective trimmed by BMO Capital Markets from C$18.00 to C$11.00 in a research note published on Friday morning.
Several other analysts also recently commented on POU. National Bank Financial dropped their price objective on shares of Paramount Resources from C$24.50 to C$21.50 and set an outperform rating on the stock in a report on Thursday, August 9th. TD Securities dropped their price objective on shares of Paramount Resources from C$18.00 to C$16.00 in a report on Thursday, August 9th. Royal Bank of Canada dropped their price objective on shares of Paramount Resources from C$20.00 to C$18.00 and set a sector perform rating on the stock in a report on Thursday, August 9th. Finally, CIBC upped their price objective on shares of Paramount Resources from C$17.50 to C$19.00 in a report on Monday, October 15th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Paramount Resources presently has a consensus rating of Buy and a consensus price target of C$21.52.
Shares of POU stock traded down C$1.24 during trading hours on Friday, hitting C$8.39. The company’s stock had a trading volume of 1,471,800 shares, compared to its average volume of 414,573. The company has a quick ratio of 0.36, a current ratio of 1.18 and a debt-to-equity ratio of 34.24. Paramount Resources has a 12-month low of C$8.08 and a 12-month high of C$24.99.
Paramount Resources (TSE:POU) last released its quarterly earnings data on Wednesday, August 8th. The company reported C($1.01) EPS for the quarter, missing the consensus estimate of C($0.86) by C($0.15). The firm had revenue of C$217.34 million for the quarter, compared to analyst estimates of C$228.90 million. On average, equities analysts anticipate that Paramount Resources will post -1.64999989719627 EPS for the current fiscal year.
In related news, Director Dirk Jungé sold 3,000 shares of the stock in a transaction on Friday, October 19th. The shares were sold at an average price of C$11.98, for a total transaction of C$35,940.00. Also, insider Clayton H. Riddell purchased 200,000 shares of the stock in a transaction that occurred on Monday, August 13th. The shares were purchased at an average cost of C$13.08 per share, for a total transaction of C$2,616,000.00.
Paramount Resources Company Profile
Paramount Resources Ltd., an independent energy company, explores for, develops, produces, and markets natural gas, crude oil, and natural gas liquids in Canada. Its principal properties are located in Alberta and British Columbia. The company also invests in public and private corporations. Paramount Resources Ltd.
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