Paramount Resources Ltd reports results for the quarter ended June 30 - Earnings Summary

• Paramount Resources Ltd POU.TO reported quarterly adjusted earnings of 3 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 57 cents. The lone analyst forecast for the quarter was for earnings of 17 cents per share.

• Revenue fell 75.6% to C$121.50 million from a year ago.

• Paramount Resources Ltd's reported EPS for the quarter was 3 cents​.

• The company reported quarterly net income of C$4.2 million.

• Paramount Resources Ltd shares had risen by 0.6% this quarter and gained 21.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.9% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 3 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the oil & gas exploration and production peer group is also "buy"

• Wall Street's median 12-month price target for Paramount Resources Ltd is C$25.00, about 12.3% above its last closing price of C$21.92

This summary was machine generated from LSEG data July 31 at 04:28 a.m. UTC. ​All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)