Paramount Resources, Ltd. Expected to Post FY2020 Earnings of ($4.02) Per Share (POU)
Paramount Resources, Ltd. (TSE:POU) – Equities research analysts at Cormark issued their FY2020 earnings per share (EPS) estimates for Paramount Resources in a research note issued to investors on Tuesday. Cormark analyst A. Arif expects that the company will post earnings of ($4.02) per share for the year.
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Other analysts have also issued reports about the company. Scotiabank lowered Paramount Resources from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from C$26.00 to C$24.50 in a research note on Monday, July 10th. BMO Capital Markets raised their price objective on Paramount Resources from C$22.00 to C$25.00 and gave the company an “outperform” rating in a research note on Monday, June 12th. Raymond James Financial, Inc. raised their price objective on Paramount Resources from C$26.00 to C$31.00 and gave the company a “strong-buy” rating in a research note on Monday, September 18th. TD Securities raised their price objective on Paramount Resources from C$17.50 to C$19.50 and gave the company a “hold” rating in a research note on Tuesday, July 11th. Finally, Laurentian Bank of Canada raised their price objective on Paramount Resources from C$29.00 to C$30.00 in a research note on Friday, July 7th. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Paramount Resources presently has an average rating of “Buy” and a consensus target price of C$23.42.
Paramount Resources (POU) traded down 0.84% on Wednesday, hitting $23.56. The company had a trading volume of 147,886 shares. The firm has a 50-day moving average price of $22.60 and a 200-day moving average price of $19.96. The firm has a market capitalization of $2.50 billion and a PE ratio of 1.92. Paramount Resources has a 12-month low of $12.60 and a 12-month high of $25.57.
In other news, insider Bernard K. Lee purchased 10,000 shares of the business’s stock in a transaction dated Monday, July 10th. The shares were purchased at an average cost of C$17.97 per share, with a total value of C$179,700.00. Also, insider Clayton H. Riddell purchased 3,000 shares of the business’s stock in a transaction dated Thursday, September 28th. The shares were purchased at an average cost of C$24.85 per share, for a total transaction of C$74,550.00. Over the last three months, insiders have bought 196,500 shares of company stock worth $4,771,335 and have sold 56,400 shares worth $976,344.
About Paramount Resources
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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