Paramount Resources, Ltd. Forecasted to Post Q3 2017 Earnings of ($0.55) Per Share (TSE:POU)
Paramount Resources, Ltd. (TSE:POU) – Stock analysts at Cormark issued their Q3 2017 EPS estimates for shares of Paramount Resources in a report issued on Thursday. Cormark analyst A. Arif anticipates that the company will post earnings per share of ($0.55) for the quarter. Cormark also issued estimates for Paramount Resources’ Q4 2017 earnings at ($0.88) EPS, FY2017 earnings at ($1.22) EPS, Q1 2018 earnings at ($0.86) EPS, Q2 2018 earnings at ($0.96) EPS, Q3 2018 earnings at ($0.98) EPS, Q4 2018 earnings at ($0.99) EPS, FY2018 earnings at ($3.78) EPS and FY2019 earnings at ($3.46) EPS.
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A number of other analysts also recently issued reports on the company. Laurentian Bank of Canada raised their target price on Paramount Resources from C$29.00 to C$30.00 in a research report on Friday, July 7th. Scotiabank reiterated an “outperform” rating and issued a C$24.00 price target on shares of Paramount Resources in a research report on Tuesday, May 2nd. BMO Capital Markets lifted their price target on Paramount Resources from C$22.00 to C$25.00 and gave the company an “outperform” rating in a research report on Monday, June 12th. Raymond James Financial, Inc. lifted their price target on Paramount Resources from C$25.00 to C$29.00 and gave the company a “strong-buy” rating in a research report on Thursday, May 11th. Finally, TD Securities cut Paramount Resources to a “hold” rating and lifted their price target for the company from C$14.50 to C$16.50 in a research report on Thursday, May 11th. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$23.25.
Paramount Resources (TSE:POU) opened at 21.78 on Monday. Paramount Resources has a 12-month low of $12.50 and a 12-month high of $22.41. The company’s 50 day moving average price is $19.39 and its 200-day moving average price is $18.41. The firm has a market capitalization of $2.31 billion and a price-to-earnings ratio of 1.78.
In other Paramount Resources news, insider Clayton H. Riddell acquired 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 12th. The stock was bought at an average price of C$18.68 per share, with a total value of C$37,360.00. Also, insider Bernard K. Lee acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, July 10th. The shares were acquired at an average cost of C$17.97 per share, with a total value of C$179,700.00.
Paramount Resources Company Profile
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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