FY2016 Earnings Estimate for Paramount Resources, Ltd. Issued By Cormark (POU)
Paramount Resources, Ltd. (TSE:POU) – Equities research analysts at Cormark boosted their FY2016 earnings per share estimates for shares of Paramount Resources in a research note issued on Tuesday. Cormark analyst A. Arif now anticipates that the brokerage will earn ($1.47) per share for the year, up from their previous forecast of ($1.48). Cormark also issued estimates for Paramount Resources’ Q4 2016 earnings at ($0.32) EPS, Q1 2017 earnings at ($0.39) EPS, Q2 2017 earnings at ($0.43) EPS, Q3 2017 earnings at ($0.43) EPS, Q4 2017 earnings at ($0.39) EPS, FY2017 earnings at ($1.63) EPS, FY2018 earnings at ($1.39) EPS and FY2019 earnings at ($1.26) EPS.
Several other analysts also recently commented on POU. Raymond James Financial Inc. set a C$15.00 target price on Paramount Resources in a research note on Monday, June 6th. FirstEnergy Capital increased their target price on Paramount Resources from C$6.75 to C$7.25 in a research note on Wednesday, June 15th. BMO Capital Markets increased their target price on Paramount Resources from C$8.50 to C$9.50 in a research note on Thursday, June 30th. Barclays PLC lowered their price target on Paramount Resources from C$12.00 to C$7.00 and set an “equal weight” rating on the stock in a report on Thursday, July 7th. Finally, CIBC increased their price target on Paramount Resources from C$12.00 to C$13.00 in a report on Friday, July 8th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of C$14.37.
Paramount Resources (TSE:POU) opened at 14.70 on Thursday. The firm’s market capitalization is $1.56 billion. Paramount Resources has a 52-week low of $2.86 and a 52-week high of $16.37. The stock’s 50 day moving average price is $14.04 and its 200 day moving average price is $10.46.
Paramount Resources Company Profile
Paramount Resources Ltd. is engaged in exploring and developing conventional petroleum and natural gas prospects, which pursues non-conventional exploration and pre-development projects and holds a portfolio of investments in other entities. The Company’s principal properties are primarily located in Alberta, British Columbia and Northwest Territories.
Receive News & Stock Ratings for Paramount Resources Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paramount Resources Ltd. and related stocks with our FREE daily email newsletter.