Paramount Resources (TSE:POU) Upgraded at Raymond James Financial

Raymond James Financial upgraded shares of Paramount Resources (TSE:POU) from a hold rating to a moderate buy rating in a report issued on Thursday,Zacks.com reports.

A number of other research firms have also recently weighed in on POU. CIBC boosted their price objective on shares of Paramount Resources from C$25.00 to C$26.00 in a research report on Wednesday, October 15th. Jefferies Financial Group lifted their price target on shares of Paramount Resources from C$25.00 to C$28.00 in a research note on Tuesday, October 21st. Royal Bank Of Canada increased their price objective on shares of Paramount Resources from C$23.00 to C$26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, September 23rd. Finally, National Bankshares boosted their target price on Paramount Resources from C$25.00 to C$27.50 and gave the company a “sector perform” rating in a research report on Thursday, September 25th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$27.21.

Paramount Resources Stock Up 1.9%

TSE:POU opened at C$23.85 on Thursday. The firm has a 50-day simple moving average of C$24.07 and a two-hundred day simple moving average of C$22.38. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.68 and a current ratio of 0.62. Paramount Resources has a fifty-two week low of C$14.33 and a fifty-two week high of C$32.83. The firm has a market cap of C$3.42 billion, a P/E ratio of 2.54, a P/E/G ratio of 0.14 and a beta of 0.29.

Paramount Resources (TSE:POU) last posted its quarterly earnings data on Tuesday, November 4th. The company reported C($0.02) earnings per share (EPS) for the quarter. Paramount Resources had a net margin of 18.92% and a return on equity of 10.06%. The company had revenue of C$187.30 million during the quarter. Analysts predict that Paramount Resources will post 1.4075758 earnings per share for the current fiscal year.

Paramount Resources Announces Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. Paramount Resources’s dividend payout ratio (DPR) is 9.58%.

About Paramount Resources

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”.