Paramount Resources Ltd. (TSE:POU) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Paramount Resources Ltd. (TSE:POU) has earned a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$35.45.

Several research analysts have issued reports on the company. ATB Cormark Capital Markets upped their price target on Paramount Resources from C$35.00 to C$37.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Royal Bank Of Canada raised their price objective on Paramount Resources from C$35.00 to C$37.00 and gave the stock a “sector perform” rating in a research note on Friday, August 7th. BMO Capital Markets lifted their target price on Paramount Resources from C$35.00 to C$37.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Scotia lifted their target price on Paramount Resources from C$34.00 to C$36.00 and gave the stock a “sector perform” rating in a report on Friday, August 7th. Finally, Scotiabank raised Paramount Resources from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from C$40.00 to C$42.00 in a research report on Monday.

Paramount Resources Price Performance

Shares of TSE POU traded down C$0.50 during midday trading on Monday, reaching C$30.79. The company’s stock had a trading volume of 458,172 shares, compared to its average volume of 283,041. The company has a current ratio of 1.30, a quick ratio of 0.68 and a debt-to-equity ratio of 1.01. The company has a 50 day moving average price of C$32.18 and a 200 day moving average price of C$29.69. Paramount Resources has a one year low of C$21.69 and a one year high of C$35.32. The company has a market cap of C$4.49 billion, a price-to-earnings ratio of -16.55, a price-to-earnings-growth ratio of 0.14 and a beta of -0.07.

Paramount Resources (TSE:POU) last released its earnings results on Thursday, November 5th. The company reported C($2.65) EPS for the quarter. The business had revenue of C$257.10 million for the quarter. Paramount Resources had a negative net margin of 22.36% and a negative return on equity of 10.12%. On average, equities research analysts expect that Paramount Resources will post 1.41 EPS for the current year.

Paramount Resources Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 30th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $0.60 dividend on an annualized basis and a yield of 1.9%. Paramount Resources’s dividend payout ratio (DPR) is currently -32.26%.

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”.