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

Paramount Resources Ltd. (TSE:POU) has received a consensus rating of “Moderate Buy” from the eleven research firms that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$37.25.

A number of equities analysts have recently issued reports on POU shares. Cibc World Mkts upgraded Paramount Resources from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 17th. Scotiabank increased their target price on Paramount Resources from C$42.00 to C$43.00 in a report on Friday, July 12th. CIBC increased their target price on Paramount Resources from C$37.00 to C$38.00 in a report on Monday, July 15th. Cormark upgraded Paramount Resources to a “hold” rating in a report on Monday, September 23rd. Finally, Jefferies Financial Group dropped their target price on Paramount Resources from C$36.00 to C$29.00 and set a “buy” rating for the company in a report on Monday, September 16th.

Paramount Resources Price Performance

POU opened at C$27.11 on Friday. The stock has a 50-day moving average price of C$26.96 and a 200-day moving average price of C$29.41. Paramount Resources has a 12-month low of C$24.51 and a 12-month high of C$33.80. The company has a current ratio of 0.75, a quick ratio of 0.68 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of C$3.98 billion, a P/E ratio of 11.49, a PEG ratio of 0.14 and a beta of 3.04.

Paramount Resources (TSE:POU) last posted its quarterly earnings data on Thursday, August 1st. The company reported C$0.57 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of C$468.00 million. Equities analysts predict that Paramount Resources will post 1.4075758 earnings per share for the current fiscal year.

Paramount Resources Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be paid a $0.15 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.64%. Paramount Resources’s dividend payout ratio (DPR) is currently 76.27%.

Paramount Resources Company Profile

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.