Paramount Resources Ltd. (TSE:POU – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$32.94.
POU has been the topic of a number of research analyst reports. Canadian Imperial Bank of Commerce raised their target price on Paramount Resources from C$25.50 to C$30.50 in a report on Wednesday, March 4th. Royal Bank Of Canada increased their price target on shares of Paramount Resources from C$32.00 to C$35.00 and gave the company a “sector perform” rating in a report on Wednesday, May 13th. National Bank Financial increased their price target on shares of Paramount Resources from C$36.00 to C$38.00 and gave the company a “sector perform” rating in a report on Wednesday, May 13th. Raymond James Financial increased their price target on shares of Paramount Resources from C$34.00 to C$36.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Finally, Jefferies Financial Group reduced their price objective on Paramount Resources from C$29.00 to C$28.00 in a research report on Tuesday, January 20th.
Insider Transactions at Paramount Resources
Paramount Resources Stock Performance
POU opened at C$32.06 on Monday. The firm has a market capitalization of C$4.66 billion, a P/E ratio of 80.15, a price-to-earnings-growth ratio of 0.14 and a beta of -0.03. The stock’s 50 day moving average price is C$29.12 and its two-hundred day moving average price is C$26.15. The company has a quick ratio of 0.68, a current ratio of 2.57 and a debt-to-equity ratio of 0.89. Paramount Resources has a 12-month low of C$18.61 and a 12-month high of C$32.06.
Paramount Resources (TSE:POU – Get Free Report) last released its earnings results on Tuesday, May 12th. The company reported C$0.36 earnings per share (EPS) for the quarter. The firm had revenue of C$276.20 million for the quarter. Paramount Resources had a return on equity of 1.96% and a net margin of 5.90%. On average, equities analysts forecast that Paramount Resources will post 1.4075758 earnings per share for the current year.
Paramount Resources Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 29th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. Paramount Resources’s payout ratio is currently 150.00%.
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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