Paramount Resources Ltd. (TSE:POU) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Paramount Resources Ltd. (TSE:POU) have been given a consensus rating of “Moderate Buy” by the seven ratings firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$31.22.

Several research analysts have recently issued reports on POU shares. National Bank Financial upped their target price on shares of Paramount Resources from C$32.00 to C$32.50 and gave the stock a “sector perform” rating in a research note on Wednesday, March 4th. Jefferies Financial Group reduced their price target on shares of Paramount Resources from C$29.00 to C$28.00 in a research report on Tuesday, January 20th. Royal Bank Of Canada boosted their price objective on shares of Paramount Resources from C$26.00 to C$30.00 and gave the stock a “sector perform” rating in a report on Wednesday, March 4th. Scotiabank upped their price objective on 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. Finally, Roth Mkm set a C$33.00 target price on Paramount Resources and gave the company a “buy” rating in a research note on Wednesday, March 4th.

Paramount Resources Price Performance

POU opened at C$30.16 on Friday. The firm has a market cap of C$4.36 billion, a PE ratio of 3.44, a P/E/G ratio of 0.14 and a beta of 0.14. The stock has a 50-day moving average price of C$27.04 and a 200-day moving average price of C$24.56. Paramount Resources has a 1 year low of C$14.50 and a 1 year high of C$30.67. 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 (TSE:POU) last announced its quarterly earnings data on Tuesday, March 3rd. The company reported C($0.03) EPS for the quarter. The firm had revenue of C$262.50 million for the quarter. Paramount Resources had a net margin of 129.11% and a return on equity of 48.07%. Sell-side analysts predict that Paramount Resources will post 1.4075758 earnings per share for the current fiscal year.

Paramount Resources Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st will be given a $0.05 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a c) dividend on an annualized basis and a yield of 2.0%. Paramount Resources’s payout ratio is 6.83%.

About Paramount Resources

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”.