Paramount Resources Ltd. (TSE:POU) Receives C$26.93 Consensus PT from Analysts

Shares of Paramount Resources Ltd. (TSE:POU) have been given a consensus recommendation of “Hold” by the four brokerages that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$26.93.

A number of brokerages recently weighed in on POU. CIBC raised their target price on shares of Paramount Resources from C$25.00 to C$26.00 in a research note on Wednesday, October 15th. Raymond James Financial lifted their target price on shares of Paramount Resources from C$24.00 to C$25.00 in a report on Wednesday, November 5th. Royal Bank Of Canada increased their target price on Paramount Resources from C$23.00 to C$26.00 and gave the company a “sector perform” rating in a report on Tuesday, September 23rd. National Bankshares lifted their price target on shares of Paramount Resources from C$25.00 to C$27.50 and gave the company a “sector perform” rating in a report on Thursday, September 25th. Finally, Jefferies Financial Group increased their price target on Paramount Resources from C$25.00 to C$28.00 in a research note on Tuesday, October 21st.

Paramount Resources Price Performance

Shares of POU stock opened at C$23.82 on Thursday. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.68 and a current ratio of 0.62. The firm’s 50 day moving average price is C$22.30 and its two-hundred day moving average price is C$20.95. Paramount Resources has a 52-week low of C$14.33 and a 52-week high of C$32.83. The stock has a market cap of C$3.42 billion, a PE ratio of 2.54, a PEG ratio of 0.14 and a beta of 0.36.

Paramount Resources (TSE:POU) last announced its quarterly earnings results on Tuesday, November 4th. The company reported C($0.02) earnings per share (EPS) for the quarter. Paramount Resources had a return on equity of 10.06% and a net margin of 18.92%.The firm had revenue of C$187.30 million during the quarter. As a group, analysts forecast that Paramount Resources will post 1.4075758 EPS for the current year.

Paramount Resources Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 28th will be paid a $0.05 dividend. The ex-dividend date is Friday, November 14th. This represents a c) dividend on an annualized basis and a yield of 2.5%. Paramount Resources’s dividend payout ratio (DPR) is 9.58%.

About Paramount Resources

Paramount Resources Ltd is a Canadian energy company that explores, develops, produces, and markets natural gas, crude oil, and natural gas liquids. The company takes part in exploration and production in Alberta and British Columbia. Sales for Paramount’s products are priced in a multitude of markets that span the United States and Canada.