Paramount Resources, Ltd. (TSE:POU) – Equities researchers at Cormark issued their Q1 2019 earnings per share (EPS) estimates for Paramount Resources in a research note issued on Friday. Cormark analyst A. Arif anticipates that the company will post earnings of ($0.79) per share for the quarter. Cormark also issued estimates for Paramount Resources’ Q2 2019 earnings at ($0.97) EPS, Q3 2019 earnings at ($1.22) EPS and Q4 2019 earnings at ($1.15) EPS.
POU has been the topic of several other reports. CIBC cut their price objective on Paramount Resources from C$23.00 to C$22.00 in a research report on Friday, March 9th. GMP Securities decreased their price objective on shares of Paramount Resources from C$26.00 to C$22.75 in a report on Friday, March 9th. BMO Capital Markets upgraded shares of Paramount Resources from a “market perform” rating to an “outperform” rating and decreased their target price for the company from C$26.00 to C$24.50 in a research note on Thursday, January 11th. National Bank Financial decreased their target price on shares of Paramount Resources from C$28.00 to C$26.00 and set an “outperform” rating for the company in a research note on Tuesday, January 9th. Finally, Royal Bank of Canada decreased their target price on shares of Paramount Resources from C$24.00 to C$22.00 and set a “sector perform” rating for the company in a research note on Friday, March 9th. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of C$27.10.
In other news, insider Rodrigo Sousa bought 7,600 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was bought at an average price of C$16.85 per share, with a total value of C$128,060.00. Also, insider Joerg Wittenberg sold 14,700 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of C$17.07, for a total transaction of C$250,929.00. In the last three months, insiders have bought 127,600 shares of company stock valued at $2,434,560.
TRADEMARK VIOLATION WARNING: This story was first posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this story on another site, it was stolen and reposted in violation of United States and international trademark & copyright law. The original version of this story can be viewed at https://sportsperspectives.com/2018/03/14/cormark-comments-on-paramount-resources-ltd-s-q1-2019-earnings-pou.html.
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.
Receive News & Ratings for Paramount Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paramount Resources and related companies with MarketBeat.com's FREE daily email newsletter.