Paramount Resources Ltd. (TSE:POU) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Paramount Resources Ltd. (TSE:POUGet Free Report) have been assigned an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$32.94.

Several analysts have weighed in on the company. Canadian Imperial Bank of Commerce boosted their price target on Paramount Resources from C$25.50 to C$30.50 in a research note on Wednesday, March 4th. ATB Cormark Capital Markets raised their price objective on Paramount Resources from C$28.00 to C$33.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 4th. BMO Capital Markets upped their target price on Paramount Resources from C$24.00 to C$32.00 and gave the company an “outperform” rating in a research report on Wednesday, March 4th. Roth Mkm set a C$33.00 price target on shares of Paramount Resources and gave the stock a “buy” rating in a report on Wednesday, March 4th. Finally, National Bank Financial raised 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 research report on Wednesday, May 13th.

Read Our Latest Report on Paramount Resources

Paramount Resources Trading Down 0.9%

TSE:POU opened at C$29.78 on Friday. Paramount Resources has a 12 month low of C$19.37 and a 12 month high of C$33.44. The firm has a fifty day simple moving average of C$29.73 and a 200-day simple moving average of C$27.21. The company has a current ratio of 2.57, a quick ratio of 0.68 and a debt-to-equity ratio of 0.89. The company has a market capitalization of C$4.33 billion, a P/E ratio of 74.45, a PEG ratio of 0.14 and a beta of -0.28.

Paramount Resources (TSE:POUGet 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 research analysts anticipate that Paramount Resources will post 1.4075758 earnings per share for the current year.

Paramount Resources Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th will be paid a $0.05 dividend. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. Paramount Resources’s dividend payout ratio is presently 150.00%.

Insider Activity

In related news, Director Dirk Jungé sold 8,850 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of C$30.97, for a total transaction of C$274,084.50. Following the completion of the transaction, the director directly owned 57,915 shares in the company, valued at C$1,793,627.55. The trade was a 13.26% decrease in their ownership of the stock. Also, insider John B. Williams sold 6,800 shares of the business’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of C$30.45, for a total transaction of C$207,060.00. Following the transaction, the insider owned 171,285 shares of the company’s stock, valued at C$5,215,628.25. This represents a 3.82% decrease in their ownership of the stock. Over the last quarter, insiders have bought 9,688 shares of company stock valued at $295,917 and have sold 60,750 shares valued at $1,879,317. 45.36% of the stock is currently owned by company insiders.

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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