Should I buy or sell Paramount Resources stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Paramount Resources in the last twelve months. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" POU shares. View POU analyst ratings or view top-rated stocks .

What is Paramount Resources' stock price target for 2024?

10 Wall Street analysts have issued 1-year price objectives for Paramount Resources' stock. Their POU share price targets range from C$29.00 to C$37.50. On average, they anticipate the company's share price to reach C$33.90 in the next year. This suggests a possible upside of 17.7% from the stock's current price. View analysts price targets for POU or view top-rated stocks among Wall Street analysts .

How have POU shares performed in 2024?

Paramount Resources' stock was trading at C$25.93 at the beginning of 2024. Since then, POU stock has increased by 11.1% and is now trading at C$28.81. View the best growth stocks for 2024 here .

When is Paramount Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024. View our POU earnings forecast .

How were Paramount Resources' earnings last quarter?

Paramount Resources Ltd. (TSE:POU) posted its quarterly earnings data on Wednesday, March, 6th. The company reported $0.75 EPS for the quarter, missing the consensus estimate of $0.95 by $0.20. The firm earned $470.50 million during the quarter, compared to analyst estimates of $436 million. Paramount Resources had a trailing twelve-month return on equity of 13.67% and a net margin of 26.13%.

How often does Paramount Resources pay dividends? What is the dividend yield for Paramount Resources?

Paramount Resources declared a monthly dividend on Monday, April 1st. Investors of record on Monday, April 15th will be paid a dividend of 0.125 per share on Tuesday, April 30th. This represents a $1.50 annualized dividend and a yield of 5.21%. The ex-dividend date is Friday, April 12th. Read our dividend analysis for POU .

Is Paramount Resources a good dividend stock?

Paramount Resources (TSE:POU) pays an annual dividend of C$1.50 per share and currently has a dividend yield of 5.47%. POU has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 47.32%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for POU .

What other stocks do shareholders of Paramount Resources own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Paramount Resources investors own include Intact Financial (IFC) , Constellation Software (CSU) , AutoCanada (ACQ) , Alimentation Couche-Tard (ATD.B) , AbbVie (ABBV) , Vermilion Energy (VET) , Wheaton Precious Metals (WPM) , Rogers Communications (RCI) , Toronto-Dominion Bank (TD) and Open Text (OTEX) .

How do I buy shares of Paramount Resources?

Shares of POU stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

TSE:POU

Paramount Resources (POU) Stock Price, News & Analysis

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Free POU Stock Alerts

C$28.81

-0.14 (-0.48%)

(As of 04/17/2024 ET)

Compare

Today's Range: C$28.45
▼
C$29.26
50-Day Range: C$25.90
▼
C$31.36
52-Week Range: C$24.59
▼
C$33.80

Volume: 787,501 shs
Average Volume: 261,324 shs
Market Capitalization: C$4.16 billion

P/E Ratio: 9.09
Dividend Yield: 5.21%
Price Target: C$33.90

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

Get Paramount Resources alerts:

Paramount Resources MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.70 Rating Score
Upside/Downside: 17.7% Upside
C$33.90 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.48
Based on 8 Articles This Week
Insider Trading: Selling Shares
C$2.02 M Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.78 out of 5 stars

3.4

Analyst's Opinion

Consensus Rating
Paramount Resources has received a consensus rating of Moderate Buy. The company's average rating score is 2.70, and is based on 7 buy ratings, 3 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Paramount Resources has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for POU.

2.5

Dividend Strength

Dividend Leadership
Paramount Resources is a leading dividend payer. It pays a dividend yield of 5.47%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Paramount Resources does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Paramount Resources is 47.32%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for POU.

1.9

News and Social Media Coverage

News Sentiment
Paramount Resources has a news sentiment score of 0.48. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Energy companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Paramount Resources this week, compared to 1 article on an average week.
MarketBeat Follows
Only 1 people have added Paramount Resources to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Paramount Resources insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$2,021,257.00 in company stock.
Percentage Held by Insiders
45.91% of the stock of Paramount Resources is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 11.68% of the stock of Paramount Resources is held by institutions.

2.5

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Paramount Resources is 9.09, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 146.98.
Price to Earnings Ratio vs. Sector
The P/E ratio of Paramount Resources is 9.09, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 93.82.
Price to Earnings Growth Ratio
Paramount Resources has a PEG Ratio of 0.14. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Paramount Resources has a P/B Ratio of 1.19. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Paramount Resources Stock (TSE:POU)

Paramount Resources Ltd. explores for and develops conventional and unconventional petroleum and natural gas reserves and resources in Canada. The company holds interests in the Karr and Wapiti Montney properties covering an area of 109,000 net acres located south of the city of Grande Prairie, Alberta; Kaybob North Duvernay development and natural gas producing properties covering an area of 124,000 net acres located in west-central Alberta; and Willesden Green Duvernay development in central Alberta and shale gas producing properties in the Horn River Basin in northeast British Columbia covering an area of 249,000 net acres. The company was founded in 1976 and is based in Calgary, Canada.

POU Stock Price History

30 days | 90 days | 365 days | Advanced Chart

POU Stock News Headlines

April 17, 2024 | insidertrades.com

Insider Selling: Paramount Resources Ltd. (TSE:POU) Senior Officer Sells 20,000 Shares of Stock

April 11, 2024 | insidertrades.com

Insider Selling: Paramount Resources Ltd. (TSE:POU) Senior Officer Sells 8,000 Shares of Stock

April 18, 2024 | Gold Safe Exchange (Ad)

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Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

April 10, 2024 | insidertrades.com

Insider Selling: Paramount Resources Ltd. (TSE:POU) Director Sells 6,666 Shares of Stock

April 5, 2024 | insidertrades.com

Paramount Resources Ltd. (TSE:POU) Director Sells C$115,028.03 in Stock

April 17, 2024 | seekingalpha.com

Paramount Global not expected to reach deal with buyer by 30-day deadline - report

April 17, 2024 | americanbankingnews.com

Paramount Resources Ltd. (TSE:POU) Senior Officer Bernard K. Lee Sells 20,000 Shares

April 12, 2024 | marketwatch.com

Paramount Resources Trims Stake in NuVista Energy for C$75 Mln

April 18, 2024 | Gold Safe Exchange (Ad)

The “Perfect Storm” for Gold

Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

April 12, 2024 | finance.yahoo.com

Paramount Resources Ltd. Disposes of a Portion of Its Investment in the Common Shares of NuVista Energy Ltd.

April 12, 2024 | americanbankingnews.com

John B. Williams Sells 8,000 Shares of Paramount Resources Ltd. (TSE:POU) Stock

April 10, 2024 | americanbankingnews.com

Paramount Resources Ltd. (TSE:POU) Director James Geral Bell Sells 6,666 Shares of Stock

April 10, 2024 | americanbankingnews.com

Paramount Resources (TSE:POU) Given a C$37.00 Price Target at BMO Capital Markets

April 3, 2024 | msn.com

Paramount gains amid report of advancing talks with Skydance

March 9, 2024 | finance.yahoo.com

Paramount Resources Ltd. (TSE:POU) Will Pay A CA$0.125 Dividend In Four Days

March 7, 2024 | seekingalpha.com

Paramount Resources: Buy For The Monthly Dividend, Stay For The Stock Price Rise

February 29, 2024 | health.usnews.com

Assisted Living Communities Near Paramount, CA

February 28, 2024 | finance.yahoo.com

Paramount Resources Ltd.'s (TSE:POU) Intrinsic Value Is Potentially 20% Below Its Share Price

February 18, 2024 | msn.com

Paramount Management Group Expands ATM Network through Cypress Advantage Acquisition

February 1, 2024 | ca.finance.yahoo.com

Stocks in play: Paramount Resources Ltd.

January 9, 2024 | finance.yahoo.com

Paramount Resources Ltd. (TSE:POU) Stock Goes Ex-Dividend In Just Two Days

January 9, 2024 | finance.yahoo.com

PARAMOUNT RESOURCES LTD. PROVIDES DUVERNAY DEVELOPMENT AND FOURTH QUARTER UPDATES

January 2, 2024 | finance.yahoo.com

Investors in Paramount Resources (TSE:POU) have seen fantastic returns of 440% over the past three years

December 13, 2023 | finance.yahoo.com

Paramount Resources (TSE:POU) Will Pay A Dividend Of CA$0.125

November 26, 2023 | finance.yahoo.com

Paramount Resources (TSE:POU) Ticks All The Boxes When It Comes To Earnings Growth

November 13, 2023 | morningstar.com

Paramount Resources Ltd Class A POU

November 6, 2023 | finance.yahoo.com

Paramount Resources (TSE:POU) Is Paying Out A Dividend Of CA$0.125

See More Headlines

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Company Calendar

Last Earnings: 3/06/2024
Ex-Dividend for 3/28 Dividend: 3/14/2024
Dividend Payable: 3/28/2024
Ex-Dividend for 4/30 Dividend: 4/12/2024
Today: 4/17/2024
Dividend Payable: 4/30/2024
Next Earnings (Estimated): 5/01/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Energy
Industry: Oil & Gas E&P
Sub-Industry: N/A
Current Symbol: TSE:POU
CUSIP: N/A
CIK: N/A
Web: www.paramountres.com
Phone: +1-403-2903600
Fax: N/A
Employees: 579
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$33.90
High Stock Price Target: C$37.50
Low Stock Price Target: C$29.00
Potential Upside/Downside: +17.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.70
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$3.17
Trailing P/E Ratio: 9.09
Forward P/E Ratio: 11.41
P/E Growth: 0.14
Net Income: C$470.20 million
Net Margins: 26.13%
Pretax Margin: N/A
Return on Equity: 13.67%
Return on Assets: 6.77%

Debt

Debt-to-Equity Ratio: 0.83
Current Ratio: 0.71
Quick Ratio: 0.68

Sales & Book Value

Annual Sales: C$1.80 billion
Price / Sales: 2.31
Cash Flow: C$0.06 per share
Price / Cash Flow: 512.50
Book Value: C$24.20 per share
Price / Book: 1.19

Miscellaneous

Outstanding Shares: 144,400,000
Free Float: N/A
Market Cap: C$4.16 billion
Optionable: Not Optionable
Beta: 3.31

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Key Executives

Mr. James H. T. Riddell BSc (Age 57)
MSc (Geology), Chairman, President & CEO
Comp: $727.82k
Mr. Paul Robert Kinvig
Chief Financial Officer
Mr. David Blake Reid
Executive Vice President of Operations
Mr. Rodrigo R. Sousa B.Com.
C.F.A., Executive Vice President of Corporate Development & Planning
Mr. Bernard K. Lee
Executive Vice President of Finance
Mr. Mark Gordon Franko
General Counsel & Corporate Secretary
Mr. Phillip G. Tahmazian
Vice President of Midstream & Marketing
Mr. Garth W. J. Stotts
Executive Vice President of Development & Reserves
Mr. John B. Williams
Executive Vice President of Kaybob Region

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

POU Stock Analysis - Frequently Asked Questions

Should I buy or sell Paramount Resources stock right now?: 10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Paramount Resources in the last twelve months. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" POU shares.
View POU analyst ratings or view top-rated stocks.
What is Paramount Resources' stock price target for 2024?: 10 Wall Street analysts have issued 1-year price objectives for Paramount Resources' stock. Their POU share price targets range from C$29.00 to C$37.50. On average, they anticipate the company's share price to reach C$33.90 in the next year. This suggests a possible upside of 17.7% from the stock's current price.
View analysts price targets for POU or view top-rated stocks among Wall Street analysts.
How have POU shares performed in 2024?: Paramount Resources' stock was trading at C$25.93 at the beginning of 2024. Since then, POU stock has increased by 11.1% and is now trading at C$28.81.
View the best growth stocks for 2024 here.
When is Paramount Resources' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our POU earnings forecast.
How were Paramount Resources' earnings last quarter?: Paramount Resources Ltd. (TSE:POU) posted its quarterly earnings data on Wednesday, March, 6th. The company reported $0.75 EPS for the quarter, missing the consensus estimate of $0.95 by $0.20. The firm earned $470.50 million during the quarter, compared to analyst estimates of $436 million. Paramount Resources had a trailing twelve-month return on equity of 13.67% and a net margin of 26.13%.

How often does Paramount Resources pay dividends? What is the dividend yield for Paramount Resources?: Paramount Resources declared a monthly dividend on Monday, April 1st. Investors of record on Monday, April 15th will be paid a dividend of 0.125 per share on Tuesday, April 30th. This represents a $1.50 annualized dividend and a yield of 5.21%. The ex-dividend date is Friday, April 12th.
Read our dividend analysis for POU.
Is Paramount Resources a good dividend stock?: Paramount Resources (TSE:POU) pays an annual dividend of C$1.50 per share and currently has a dividend yield of 5.47%. POU has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 47.32%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for POU.
What other stocks do shareholders of Paramount Resources own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Paramount Resources investors own include Intact Financial (IFC), Constellation Software (CSU), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV), Vermilion Energy (VET), Wheaton Precious Metals (WPM), Rogers Communications (RCI), Toronto-Dominion Bank (TD) and Open Text (OTEX).
How do I buy shares of Paramount Resources?: Shares of POU stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:POU) was last updated on 4/18/2024 by MarketBeat.com Staff

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Paramount Resources (POU) Stock Price, News & Analysis

Paramount Resources MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Paramount Resources Stock (TSE:POU)

POU Stock Price History

POU Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

POU Stock Analysis - Frequently Asked Questions

Overall MarketRank^™