BMO Capital Markets Issues Positive Forecast for Paramount Resources (TSE:POU) Stock Price

Paramount Resources (TSE:POUFree Report) had its target price raised by BMO Capital Markets from C$35.00 to C$37.00 in a research report released on Friday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

POU has been the subject of several other reports. Raymond James Financial raised their price objective on Paramount Resources from C$34.00 to C$36.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Scotiabank upgraded Paramount Resources to a “hold” rating in a research report on Friday, June 26th. National Bank Financial increased their price target on shares of Paramount Resources from C$36.00 to C$38.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 13th. Royal Bank Of Canada raised their price target on shares of Paramount Resources from C$32.00 to C$35.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 13th. Finally, ATB Cormark Capital Markets raised their price target on shares of Paramount Resources from C$35.00 to C$37.00 and gave the stock an “outperform” rating in a research report on Friday. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Paramount Resources currently has an average rating of “Moderate Buy” and a consensus price target of C$34.35.

View Our Latest Stock Analysis on Paramount Resources

Paramount Resources Price Performance

TSE POU opened at C$30.10 on Friday. The company has a market cap of C$4.39 billion, a price-to-earnings ratio of 75.25, a PEG ratio of 0.14 and a beta of -0.25. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.57 and a quick ratio of 0.68. The stock’s fifty day moving average price is C$28.98 and its 200 day moving average price is C$28.47. Paramount Resources has a 1 year low of C$19.37 and a 1 year high of C$33.44.

Paramount Resources (TSE:POUGet Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$0.47 EPS for the quarter. The company had revenue of C$317.90 million during the quarter. Paramount Resources had a return on equity of 1.96% and a net margin of 5.90%. As a group, equities research analysts forecast that Paramount Resources will post 1.4075758 earnings per share for the current year.

Paramount Resources Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 31st will be given a dividend of $0.05 per share. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Monday, August 17th. Paramount Resources’s dividend payout ratio (DPR) is currently 150.00%.

Insider Buying and Selling at Paramount Resources

In related news, insider Rodrigo Sousa acquired 6,946 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was acquired at an average price of C$30.50 per share, with a total value of C$211,853.00. Following the acquisition, the insider directly owned 25,100 shares in the company, valued at C$765,550. This represents a 38.26% increase in their position. Also, insider David Blake Reid sold 25,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of C$30.90, for a total value of C$772,500.00. Following the completion of the transaction, the insider directly owned 172,313 shares of the company’s stock, valued at approximately C$5,324,471.70. This trade represents a 12.67% decrease in their position. In the last three months, insiders have bought 10,148 shares of company stock worth $308,401 and have sold 44,800 shares worth $1,388,875. Corporate insiders own 45.36% of the company’s stock.

Key Headlines Impacting Paramount Resources

Here are the key news stories impacting Paramount Resources this week:

  • Positive Sentiment: Analysts raised price targets: Scotia increased its target to C$36 from C$34 while maintaining a “sector perform” rating. BMO Capital Markets and ATB Cormark raised their targets to C$37 from C$35 and kept “outperform” ratings. Royal Bank of Canada also lifted its target to C$37 but retained a “sector perform” view. The revised targets imply approximately 19.5% to 22.8% upside from the referenced C$30.13 price. BayStreet analyst ratings
  • Positive Sentiment: Monthly dividend announced: Paramount declared a C$0.05-per-share monthly dividend, payable August 31 to shareholders of record August 31. The dividend equates to an annualized payout of approximately C$0.60 per share and a reported 2.0% yield. The ex-dividend date is August 17.
  • Neutral Sentiment: Analyst consensus remains favorable: Paramount received an average analyst recommendation of “Moderate Buy,” suggesting broad support but not an overwhelmingly bullish consensus. Paramount Resources analyst recommendation
  • Neutral Sentiment: Quarterly results reported: Paramount posted earnings of C$0.47 per share on revenue of C$317.90 million. Net margin was 5.90% and return on equity was 1.96%. The results confirm continued profitability, although the reported figures alone do not indicate whether the company exceeded market expectations. Paramount Resources quarterly results

About Paramount Resources

(Get Free Report)

Paramount is an independent, publicly traded Canadian energy company that explores for and develops both conventional and unconventional petroleum and natural gas, including longer-term strategic exploration and pre-development plays. The Company’s principal properties are located in Alberta and British Columbia. Paramount’s class A common shares are listed on the Toronto Stock Exchange under the symbol “POU”.

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Analyst Recommendations for Paramount Resources (TSE:POU)

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