Paramount Resources Receives Average Recommendation of “Buy” from Analysts (TSE:POU)
Shares of Paramount Resources (TSE:POU) have earned a consensus recommendation of “Buy” from the ten ratings firms that are covering the company, American Banking and Market News reports. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$72.90.
Paramount Resources (TSE:POU) traded up 0.60% on Wednesday, hitting $57.48. The stock had a trading volume of 12,914 shares. Paramount Resources has a 52 week low of $31.875 and a 52 week high of $64.63. The stock’s 50-day moving average is $56.60 and its 200-day moving average is $53.64. The company has a market cap of $6.016 billion and a price-to-earnings ratio of 952.33.
Paramount Resources (TSE:POU) last posted its quarterly earnings results on Friday, August 8th. The company reported $0.53 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.08) by $0.61. Analysts expect that Paramount Resources will post $0.50 EPS for the current fiscal year.
A number of analysts have recently weighed in on POU shares. Analysts at FirstEnergy Capital cut their price target on shares of Paramount Resources from C$76.00 to C$75.00 in a research note on Friday, August 8th. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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.
Paramount Resources Ltd. (TSE:POU), is an energy company.
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