Paramount Resources, Ltd. (TSE:POU) – Investment analysts at Cormark raised their Q4 2016 earnings per share estimates for shares of Paramount Resources in a research note issued on Thursday. Cormark analyst A. Arif now expects that the firm will earn ($0.13) per share for the quarter, up from their prior estimate of ($0.32). Cormark also issued estimates for Paramount Resources’ Q1 2017 earnings at ($0.29) EPS, Q2 2017 earnings at ($0.39) EPS, Q3 2017 earnings at ($0.41) EPS, Q4 2017 earnings at ($0.38) EPS, FY2017 earnings at ($1.47) EPS, FY2018 earnings at ($1.63) EPS and FY2019 earnings at ($1.48) EPS.

Other analysts have also recently issued research reports about the stock. Barclays PLC boosted their target price on shares of Paramount Resources from C$12.00 to C$14.00 in a research note on Friday, July 22nd. FirstEnergy Capital boosted their target price on shares of Paramount Resources from C$11.50 to C$13.50 in a research note on Tuesday, August 9th. FirstEnergy Corp. boosted their target price on shares of Paramount Resources from C$11.50 to C$13.50 in a research note on Wednesday, August 10th. National Bank Financial cut their target price on shares of Paramount Resources from C$15.50 to C$14.50 in a research note on Wednesday, August 3rd. Finally, Desjardins boosted their target price on shares of Paramount Resources from C$11.00 to C$13.50 in a research note on Thursday, July 28th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Paramount Resources has a consensus rating of “Hold” and a consensus price target of C$14.83.

Earnings History and Estimates for Paramount Resources (TSE:POU)

Shares of Paramount Resources (TSE:POU) opened at 15.84 on Monday. The company’s market cap is $1.68 billion. Paramount Resources has a 1-year low of $2.86 and a 1-year high of $17.64. The stock’s 50 day moving average is $15.59 and its 200 day moving average is $12.38.

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.

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