Paramount Resources Ltd. (TSE:POU) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Paramount Resources Ltd. (TSE:POU) have been assigned a consensus rating of “Moderate Buy” from the ten research firms that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is C$37.25.

POU has been the subject of a number of research analyst reports. CIBC upped their price objective on shares of Paramount Resources from C$37.00 to C$38.00 in a research report on Monday, July 15th. Scotiabank lifted their target price on Paramount Resources from C$42.00 to C$43.00 in a report on Friday, July 12th. Jefferies Financial Group lowered their price objective on Paramount Resources from C$36.00 to C$29.00 and set a “buy” rating for the company in a research report on Monday, September 16th. BMO Capital Markets lifted their target price on shares of Paramount Resources from C$38.50 to C$40.00 in a research note on Wednesday, July 3rd. Finally, Cormark raised Paramount Resources to a “hold” rating in a research note on Monday, September 23rd.

Paramount Resources Stock Performance

TSE:POU opened at C$25.80 on Monday. The company has a market cap of C$3.78 billion, a price-to-earnings ratio of 10.93, a PEG ratio of 0.14 and a beta of 3.06. Paramount Resources has a fifty-two week low of C$24.51 and a fifty-two week high of C$33.80. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.68 and a current ratio of 0.75. The stock has a fifty day moving average price of C$27.60 and a 200-day moving average price of C$29.40.

Paramount Resources (TSE:POU) last posted its quarterly earnings data on Thursday, August 1st. The company reported C$0.57 earnings per share for the quarter. Paramount Resources had a net margin of 19.66% and a return on equity of 10.03%. The business had revenue of C$443.60 million during the quarter, compared to analysts’ expectations of C$468.00 million. As a group, equities analysts anticipate that Paramount Resources will post 1.3030303 EPS for the current fiscal year.

Paramount Resources Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 16th were given a $0.15 dividend. This represents a $1.80 annualized dividend and a yield of 6.98%. The ex-dividend date of this dividend was Monday, September 16th. Paramount Resources’s payout ratio is currently 76.27%.

About Paramount Resources

Paramount Resources Ltd. explores for and develops conventional and unconventional petroleum and natural gas reserves and resources in Canada. The company holds interests in the Karr and Wapiti Montney properties covering an area of 109,000 net acres located south of the city of Grande Prairie, Alberta; Kaybob North Duvernay development and natural gas producing properties covering an area of 124,000 net acres located in west-central Alberta; and Willesden Green Duvernay development in central Alberta and shale gas producing properties in the Horn River Basin in northeast British Columbia covering an area of 249,000 net acres.