Paramount Resources Given Average Recommendation of “Buy” by Analysts (TSE:POU)
Shares of Paramount Resources (TSE:POU) have received a consensus recommendation of “Buy” from the ten brokerages that are currently covering the company, StockRatingsNetwork reports. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$72.90.
Shares of Paramount Resources (TSE:POU) opened at 59.96 on Wednesday. Paramount Resources has a 1-year low of $32.35 and a 1-year high of $64.63. The stock’s 50-day moving average is $56.60 and its 200-day moving average is $53.95. The company has a market cap of $6.275 billion and a price-to-earnings ratio of 996.50.
Paramount Resources (TSE:POU) last released its earnings data on Friday, August 8th. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.08) by $0.61. On average, analysts predict that Paramount Resources will post $0.50 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. 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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