close
close

Paramount Resources Ltd. (TSE:POU) Gets Average “Moderate Buy” Rating From Analysts

Paramount Resources Ltd. (TSE:POU) Gets Average “Moderate Buy” Rating From Analysts


Paramount Resources Ltd. shares (TSE:POUGet a Free Report) currently has a “Moderate Buy” consensus rating from the ten rating firms that cover the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation for the company. The average 12-month price target among analysts who have issued ratings on the stock in the last year is C$35.95.

Several research firms have recently offered their views on POU. Royal Bank of Canada raised their target price on shares of Paramount Resources from C$34.00 to C$36.00 and gave the company a “sector perform” rating in a research report on Friday, May 3. BMO Capital Markets raised their target price on Paramount Resources from C$38.50 to C$40.00 in a research note on Wednesday, July 3. CIBC raised their target price on Paramount Resources from C$35.00 to C$37.00 and gave the stock a “neutral” rating in a report on Friday, May 3. National Bankshares raised their target price on Paramount Resources from C$37.50 to C$40.00 and gave the company an “outperform” rating in a report on Friday, April 19. Finally, Stifel Nicolaus raised their target price on Paramount Resources from C$36.00 to C$37.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd.

View our latest stock analysis on POU

Paramount Resources’ Trading Down 2.5%

Shares Paramount Resources stock It opened at C$30.52 on Wednesday. The stock’s market cap is C$4.46 billion, its P/E ratio is 13.27, its P/E/G ratio is 0.14 and its beta is 3.19. Paramount Resources has a 52-week low of C$24.59 and a 52-week high of C$33.80. The company’s debt-to-equity ratio is 0.84, its liquid ratio is 0.68 and its current ratio is 0.67. The stock’s 50-day simple moving average is C$31.68 and its 200-day simple moving average is C$28.93.

Most Important Resources (TSE:POUGet a Free Report) announced its latest quarter earnings results on Thursday, May 2. The company reported C$0.46 earnings per share for the quarter, missing the consensus estimate of C$0.59 by C($0.13). The company had revenue of C$452.30 million for the quarter, compared to the consensus estimate of C$415.00 million. Paramount Resources had a net margin of 19.97% and a return on equity of 9.92%. As a group, research analysts expect Paramount Resources to report EPS of 1.8292264 for the current year.

Paramount Resources Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 31. A dividend of $0.15 per share will be paid to investors of record on Wednesday, July 31. This represents an annual dividend of $1.80 and a yield of 5.90%. The ex-dividend date is Monday, July 15. Paramount Resources has a payout ratio of 78.26%.

Insider Operations at Paramount Resources

In related news, Senior Officer Mark Gordon Franko sold 8,000 shares of the company’s stock in a transaction dated Monday, May 6. The shares were sold at an average price of C$32.20, for a total transaction of C$257,600.00. In other news, Senior Officer Rodrigo Sousa sold 10,000 shares of the company’s stock in a transaction dated Wednesday, May 8. The shares were sold at an average price of C$32.70, for a total transaction of C$327,014.00. Additionally, Senior Officer Mark Gordon Franko sold 8,000 shares of the company’s stock in a transaction dated Monday, May 6. The shares were sold at an average price of C$32.20, for a total transaction of C$257,600.00. Company insiders sold 105,661 shares of the company’s stock in the last 90 days, valued at $3,360,991. Company insiders own 45.57% of the company’s shares.

About Paramount Resources

(Get a Free Report

Paramount Resources Ltd. explores for and develops conventional and unconventional oil and natural gas reserves and resources in Canada. The Company has interests in the Karr and Wapiti Montney properties, comprising 109,000 net acres south of Grande Prairie, Alberta; the Kaybob North Duvernay development and natural gas production properties, comprising 124,000 net acres in west-central Alberta; the Willesden Green Duvernay development in central Alberta and shale gas production properties, comprising 249,000 net acres in the Horn River Basin of northeastern British Columbia.

Further reading



Get News and Ratings for Paramount Resources Daily – Enter your email address below to sign up for MarketBeat.com’s FREE daily email newsletter to receive a concise daily summary of the latest news and analyst ratings on Paramount Resources and related companies.