Paramount Resources Given Consensus Recommendation of “Buy” by Analysts (TSE:POU)
Shares of Paramount Resources (TSE:POU) have been given a consensus rating of “Buy” by the nine analysts that are presently covering the stock, Analyst Ratings.Net reports. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$69.22.
A number of analysts have recently weighed in on POU shares. Analysts at Dundee Securities cut their price target on shares of Paramount Resources from C$69.00 to C$68.00 in a research note on Thursday. They now have a “buy” rating on the stock. Separately, analysts at TD Securities raised their price target on shares of Paramount Resources from C$79.00 to C$84.00 in a research note on Thursday. They now have a “buy” rating on the stock. Finally, analysts at Scotiabank reiterated a “sector outperform” rating on shares of Paramount Resources in a research note on Thursday. They now have a C$80.00 price target on the stock, up previously from C$70.00.
Shares of Paramount Resources (TSE:POU) opened at 56.44 on Wednesday. Paramount Resources has a 52-week low of $31.68 and a 52-week high of $64.63. The stock’s 50-day moving average is $60.0 and its 200-day moving average is $50.86. The company’s market cap is $5.524 billion.
Paramount Resources (TSE:POU) last released its earnings data on Friday, May 9th. The company reported ($0.09) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.17) by $0.08. Analysts expect that Paramount Resources will post $0.42 EPS for the current fiscal year.
Paramount Resources Ltd. (TSE:POU), is an energy company.