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

Shares of Paramount Resources Ltd. (TSE:POU) have received a consensus recommendation of “Moderate Buy” from the ten research firms that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$37.25.

A number of equities analysts have commented on POU shares. Scotiabank boosted their price target on shares of Paramount Resources from C$42.00 to C$43.00 in a research report on Friday, July 12th. Jefferies Financial Group decreased their price target on Paramount Resources from C$36.00 to C$29.00 and set a “buy” rating on the stock in a research report on Monday, September 16th. CIBC lifted their price objective on Paramount Resources from C$37.00 to C$38.00 in a research report on Monday, July 15th. BMO Capital Markets increased their target price on Paramount Resources from C$38.50 to C$40.00 in a report on Wednesday, July 3rd. Finally, Cormark raised Paramount Resources to a “hold” rating in a report on Monday, September 23rd.

Paramount Resources Stock Up 1.3 %

POU opened at C$25.80 on Monday. The company has a market capitalization of C$3.78 billion, a P/E ratio of 10.93, a P/E/G ratio of 0.14 and a beta of 3.06. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.75 and a quick ratio of 0.68. The firm’s fifty day moving average price is C$27.50 and its two-hundred day moving average price is C$29.38. Paramount Resources has a fifty-two week low of C$24.51 and a fifty-two week high of C$33.80.

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

Paramount Resources Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 16th were paid a dividend of $0.15 per share. The ex-dividend date was Monday, September 16th. This represents a $1.80 annualized dividend and a dividend yield of 6.98%. Paramount Resources’s dividend 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.