Paramount Resources Ltd. (TSE:POU) Receives Consensus Rating of “Hold” from Brokerages

Shares of Paramount Resources Ltd. (TSE:POU) have been assigned a consensus recommendation of “Hold” from the four ratings firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$25.79.

A number of equities analysts recently weighed in on the company. National Bankshares increased their price target on Paramount Resources from C$25.00 to C$27.50 and gave the company a “sector perform” rating in a research report on Thursday, September 25th. Jefferies Financial Group increased their price target on Paramount Resources from C$21.00 to C$25.00 in a research report on Wednesday, July 23rd. CIBC increased their price target on Paramount Resources from C$25.00 to C$26.00 in a research report on Wednesday. Finally, Royal Bank Of Canada increased their price target on Paramount Resources from C$23.00 to C$26.00 and gave the company a “sector perform” rating in a research report on Tuesday, September 23rd.

Paramount Resources Trading Down 0.3%

Shares of POU stock opened at C$21.88 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.62 and a debt-to-equity ratio of 2.06. Paramount Resources has a fifty-two week low of C$14.33 and a fifty-two week high of C$32.83. The stock has a market capitalization of C$3.14 billion, a P/E ratio of 2.18, a P/E/G ratio of 0.14 and a beta of 0.49. The stock has a 50-day simple moving average of C$21.22 and a 200 day simple moving average of C$19.98.

Paramount Resources Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 31st will be given a $0.05 dividend. The ex-dividend date is Wednesday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. Paramount Resources’s dividend payout ratio (DPR) is 11.94%.

Paramount Resources Company Profile

Paramount Resources Ltd is a Canadian energy company that explores, develops, produces, and markets natural gas, crude oil, and natural gas liquids. The company takes part in exploration and production in Alberta and British Columbia. Sales for Paramount’s products are priced in a multitude of markets that span the United States and Canada.