Cormark Comments on Paramount Resources, Ltd.’s Q1 2019 Earnings (POU)

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.

Paramount Resources (POU) traded down C$0.68 during midday trading on Monday, hitting C$15.43. The company had a trading volume of 214,022 shares, compared to its average volume of 377,439. The company has a market capitalization of $2,180.00, a PE ratio of 9.00 and a beta of 2.01. Paramount Resources has a 12 month low of C$14.39 and a 12 month high of C$25.57.

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.

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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.

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

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