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.
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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.
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