Paramount Resources (POU) Receives C$23.98 Consensus Price Target from Brokerages

Shares of Paramount Resources (TSE:POU) have received a consensus recommendation of “Hold” from the thirteen ratings firms that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$23.98.

A number of research firms have issued reports on POU. BMO Capital Markets decreased their target price on Paramount Resources from C$24.50 to C$20.00 in a research report on Thursday, May 10th. CIBC decreased their target price on Paramount Resources from C$20.00 to C$17.50 in a research report on Thursday, May 10th. National Bank Financial decreased their target price on Paramount Resources from C$26.00 to C$22.50 and set an “outperform” rating on the stock in a research report on Thursday, May 10th. TD Securities decreased their target price on Paramount Resources from C$20.00 to C$18.00 and set a “hold” rating on the stock in a research report on Thursday, May 10th. Finally, GMP Securities decreased their target price on Paramount Resources from C$26.00 to C$22.75 in a research report on Friday, March 9th.

Shares of TSE POU traded down C$0.24 during mid-day trading on Friday, reaching C$14.67. The company had a trading volume of 86,557 shares, compared to its average volume of 434,022. Paramount Resources has a one year low of C$13.80 and a one year high of C$25.57.

Paramount Resources (TSE:POU) last released its earnings results on Thursday, March 8th. The company reported C($0.79) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C($0.66) by C($0.13). Paramount Resources had a net margin of 206.65% and a return on equity of 42.13%. The business had revenue of C$258.90 million during the quarter, compared to the consensus estimate of C$257.10 million.

In other news, insider Darrel S. Purdy sold 3,500 shares of Paramount Resources stock in a transaction dated Thursday, April 19th. The stock was sold at an average price of C$17.28, for a total transaction of C$60,480.00. Also, Director James H. T. Riddell sold 100,000 shares of Paramount Resources stock in a transaction dated Monday, April 23rd. The shares were sold at an average price of C$17.56, for a total value of C$1,756,000.00. Insiders have bought 4,600 shares of company stock worth $69,913 over the last three months.

Paramount Resources Company Profile

Paramount Resources Ltd., an independent energy company, explores for, develops, produces, and markets natural gas, crude oil, and natural gas liquids in Canada. Its principal properties are located in Alberta and British Columbia. The company also invests in public and private corporations. Paramount Resources Ltd.

Analyst Recommendations for Paramount Resources (TSE:POU)

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