Analysts Set Paramount Resources Ltd. (TSE:POU) PT at C$31.22

Shares of Paramount Resources Ltd. (TSE:POU) have been given an average recommendation of “Moderate Buy” by the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$31.22.

Several research analysts recently commented on POU shares. Roth Mkm set a C$33.00 target price on shares of Paramount Resources and gave the stock a “buy” rating in a research note on Wednesday. Scotiabank increased their price target on shares of Paramount Resources from C$29.00 to C$31.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Raymond James Financial raised their price target on shares of Paramount Resources from C$29.00 to C$31.00 and gave the stock an “outperform” rating in a report on Wednesday. National Bank Financial boosted their price objective on shares of Paramount Resources from C$32.00 to C$32.50 and gave the company a “sector perform” rating in a research report on Wednesday. Finally, Canadian Imperial Bank of Commerce upped their price objective on shares of Paramount Resources from C$25.50 to C$30.50 in a research note on Wednesday.

Paramount Resources Trading Down 0.3%

Shares of POU stock opened at C$29.34 on Wednesday. The business has a 50-day moving average of C$25.17 and a 200 day moving average of C$23.55. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.77 and a quick ratio of 0.68. Paramount Resources has a 1-year low of C$14.50 and a 1-year high of C$30.07. The stock has a market capitalization of C$4.21 billion, a PE ratio of 3.12, a P/E/G ratio of 0.14 and a beta of 0.14.

Paramount Resources (TSE:POU) last announced its quarterly earnings results on Tuesday, March 3rd. The company reported C($0.03) EPS for the quarter. Paramount Resources had a return on equity of 48.07% and a net margin of 129.11%.The company had revenue of C$262.50 million during the quarter. As a group, sell-side analysts anticipate that Paramount Resources will post 1.4075758 earnings per share for the current year.

Paramount Resources Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 27th were issued a dividend of $0.05 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Friday, February 13th. Paramount Resources’s dividend payout ratio is currently 9.58%.

Paramount Resources Company Profile

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”.