Paramount Resources (TSE:POU) Price Target Raised to C$30.50

Paramount Resources (TSE:POU) had its price target raised by Canadian Imperial Bank of Commerce from C$25.50 to C$30.50 in a research report sent to investors on Wednesday morning,BayStreet.CA reports.

Several other analysts have also issued reports on POU. Roth Mkm set a C$33.00 target price on Paramount Resources and gave the stock a “buy” rating in a report on Wednesday. Raymond James Financial raised Paramount Resources from a “hold” rating to a “moderate buy” rating in a research note on Thursday, January 15th. Jefferies Financial Group reduced their price objective on shares of Paramount Resources from C$29.00 to C$28.00 in a research note on Tuesday, January 20th. Finally, Scotiabank raised their target price on shares of Paramount Resources from C$29.00 to C$31.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Paramount Resources has a consensus rating of “Moderate Buy” and an average target price of C$31.22.

Paramount Resources Trading Down 0.3%

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

Paramount Resources (TSE:POU) last posted its quarterly earnings data on Tuesday, March 3rd. The company reported C($0.03) EPS for the quarter. The company had revenue of C$262.50 million for the quarter. Paramount Resources had a return on equity of 48.07% and a net margin of 129.11%. On average, research analysts predict that Paramount Resources will post 1.4075758 earnings per share for the current fiscal year.

Paramount Resources Announces Dividend

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