Paramount Resources Ltd. (TSE:POU) Receives C$31.22 Consensus Target Price from Analysts

Shares of Paramount Resources Ltd. (TSE:POU) have earned an average rating of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$31.22.

Several research analysts have issued reports on POU shares. Scotiabank raised their price objective on shares of Paramount Resources from C$29.00 to C$31.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. National Bank Financial upped their target price on shares of Paramount Resources from C$32.00 to C$32.50 and gave the company a “sector perform” rating in a report on Wednesday, March 4th. Royal Bank Of Canada increased their target price on shares of Paramount Resources from C$26.00 to C$30.00 and gave the stock a “sector perform” rating in a research note on Wednesday, March 4th. BMO Capital Markets raised their price target on Paramount Resources from C$24.00 to C$32.00 and gave the stock an “outperform” rating in a report on Wednesday, March 4th. Finally, Raymond James Financial boosted their price target on Paramount Resources from C$29.00 to C$31.00 and gave the company an “outperform” rating in a research report on Wednesday, March 4th.

Paramount Resources Price Performance

POU stock opened at C$29.34 on Wednesday. The company has a market capitalization of C$4.21 billion, a P/E ratio of 3.12, a PEG ratio of 0.14 and a beta of 0.14. Paramount Resources has a twelve month low of C$14.50 and a twelve month high of C$30.07. The business has a 50 day simple moving average of C$25.17 and a 200-day simple moving average of C$23.60. The company has a current ratio of 3.77, a quick ratio of 0.68 and a debt-to-equity ratio of 0.94.

Paramount Resources (TSE:POU) last announced its earnings results on Tuesday, March 3rd. The company reported C($0.03) earnings per share (EPS) for the quarter. Paramount Resources had a return on equity of 48.07% and a net margin of 129.11%.The business had revenue of C$262.50 million for the quarter. As a group, equities analysts anticipate that Paramount Resources will post 1.4075758 EPS for the current year.

Paramount Resources Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 27th were paid a $0.05 dividend. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Friday, February 13th. Paramount Resources’s dividend payout ratio (DPR) is 9.58%.

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”.