Paramount Resources (POU) Posts Quarterly Earnings, Beats Estimates By $0.61 EPS
Paramount Resources (TSE:POU) posted its quarterly earnings results on Friday. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.08) by $0.61, Analyst Ratings.Net reports.
Shares of Paramount Resources (TSE:POU) opened at 55.42 on Friday. Paramount Resources has a 1-year low of $31.68 and a 1-year high of $64.63. The stock’s 50-day moving average is $58.04 and its 200-day moving average is $52.78. The company’s market cap is $5.424 billion.
A number of analysts have recently weighed in on POU shares. Analysts at Barclays cut their price target on shares of Paramount Resources from C$66.00 to C$65.00 in a research note on Wednesday, July 23rd. They now have an “equal weight” rating on the stock. On the ratings front, analysts at CIBC raised their price target on shares of Paramount Resources from C$65.00 to C$72.50 in a research note on Tuesday, July 15th. They now have an “outperform” rating on the stock. Finally, analysts at Raymond James raised their price target on shares of Paramount Resources from C$69.00 to C$82.50 in a research note on Monday, July 14th. They now have a “strong-buy” rating on the stock. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of C$72.67.
Paramount Resources Ltd. (TSE:POU), is an energy company.
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