Paramount Resources Ltd. (TSE:POU) Given Average Rating of “Hold” by Brokerages

Shares of Paramount Resources Ltd. (TSE:POUGet Rating) have received an average recommendation of “Hold” from the ten analysts that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$38.55.

A number of analysts have recently issued reports on the company. Scotiabank lifted their price target on Paramount Resources from C$25.00 to C$31.00 in a research note on Tuesday, March 8th. ATB Capital lifted their price target on Paramount Resources from C$39.00 to C$42.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 5th. CIBC boosted their price objective on Paramount Resources from C$35.00 to C$36.00 in a research note on Thursday, April 14th. Cormark boosted their price objective on Paramount Resources from C$38.00 to C$46.00 and gave the stock a “buy” rating in a research note on Thursday, May 5th. Finally, National Bankshares lowered their price objective on Paramount Resources from C$45.00 to C$35.00 in a research note on Thursday, April 14th.

In related news, Senior Officer E. Mitchell Shier sold 10,000 shares of the business’s stock in a transaction on Friday, May 6th. The stock was sold at an average price of C$34.18, for a total value of C$341,770.00. Following the sale, the insider now owns 38,893 shares in the company, valued at approximately C$1,329,246.06. Also, Director Robert M. Macdonald sold 3,000 shares of the business’s stock in a transaction on Tuesday, April 19th. The shares were sold at an average price of C$32.00, for a total value of C$96,000.00. Following the completion of the sale, the director now owns 2,878 shares in the company, valued at approximately C$92,096. Insiders sold 85,819 shares of company stock worth $2,671,185 in the last 90 days.

Shares of TSE:POU opened at C$32.70 on Friday. The company has a debt-to-equity ratio of 15.67, a current ratio of 0.61 and a quick ratio of 0.56. The business’s 50 day moving average price is C$30.59 and its 200-day moving average price is C$26.58. The firm has a market capitalization of C$4.60 billion and a PE ratio of 19.53. Paramount Resources has a 1 year low of C$11.97 and a 1 year high of C$36.25.

Paramount Resources (TSE:POUGet Rating) last issued its quarterly earnings results on Wednesday, March 2nd. The company reported C$0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.52 by C$0.37. The firm had revenue of C$434.30 million during the quarter. As a group, analysts expect that Paramount Resources will post 3.6900002 earnings per share for the current year.

The firm also recently announced a monthly dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Tuesday, May 31st will be given a $0.10 dividend. The ex-dividend date is Friday, May 13th. This represents a $1.20 dividend on an annualized basis and a yield of 3.67%. This is an increase from Paramount Resources’s previous monthly dividend of $0.08. Paramount Resources’s payout ratio is currently 28.67%.

About Paramount Resources (Get Rating)

Paramount Resources Ltd., an independent energy company, explores for, develops, produces, and markets natural gas, crude oil, and natural gas liquids in Canada. The company's principal properties are the Montney and Duvernay developments located in Alberta and British Columbia. It also invests in public and private corporations.

Featured Stories

Analyst Recommendations for Paramount Resources (TSE:POU)

Receive News & Ratings for Paramount Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paramount Resources and related companies with MarketBeat.com's FREE daily email newsletter.