Shares of Paramount Resources Ltd. (TSE:POU – Get Free Report) have earned an average recommendation of “Moderate Buy” from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$34.35.
A number of research firms recently commented on POU. ATB Cormark Capital Markets upped their price objective on Paramount Resources from C$35.00 to C$37.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Royal Bank Of Canada raised their target price on Paramount Resources from C$35.00 to C$37.00 and gave the stock a “sector perform” rating in a report on Friday, August 7th. BMO Capital Markets boosted their target price on Paramount Resources from C$35.00 to C$37.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Scotia upped their price target on Paramount Resources from C$34.00 to C$36.00 and gave the company a “sector perform” rating in a research note on Friday, August 7th. Finally, Scotiabank raised Paramount Resources to a “hold” rating in a research note on Friday, June 26th.
Get Our Latest Research Report on Paramount Resources
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Paramount Resources Price Performance
Shares of POU stock opened at C$30.23 on Friday. The firm’s 50 day moving average price is C$30.99 and its two-hundred day moving average price is C$29.89. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.68 and a current ratio of 1.87. Paramount Resources has a 52-week low of C$21.69 and a 52-week high of C$33.44. The stock has a market cap of C$4.41 billion, a PE ratio of 38.76, a PEG ratio of 0.14 and a beta of -0.26.
Paramount Resources (TSE:POU – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$0.47 earnings per share for the quarter. Paramount Resources had a return on equity of 4.30% and a net margin of 11.19%.The company had revenue of C$317.90 million for the quarter. As a group, analysts forecast that Paramount Resources will post 1.4075758 EPS for the current year.
Paramount Resources Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th will be issued a dividend of $0.05 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.60 dividend on an annualized basis and a yield of 2.0%. Paramount Resources’s payout ratio is currently 76.92%.
Paramount Resources Company Profile
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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