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

Shares of Paramount Resources Ltd. (TSE:POU) have earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$31.22.

A number of analysts have issued reports on POU shares. Raymond James Financial lifted their price objective on Paramount Resources from C$29.00 to C$31.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 4th. Roth Mkm set a C$33.00 target price on shares of Paramount Resources and gave the company a “buy” rating in a research note on Wednesday, March 4th. ATB Cormark Capital Markets upped their target price on Paramount Resources from C$28.00 to C$33.00 and gave the stock an “outperform” rating in a report on Wednesday, March 4th. Royal Bank Of Canada upped their target price on Paramount Resources from C$26.00 to C$30.00 and gave the stock a “sector perform” rating in a report on Wednesday, March 4th. Finally, Scotiabank lifted 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.

Paramount Resources Stock Performance

TSE POU opened at C$30.16 on Friday. Paramount Resources has a twelve month low of C$14.50 and a twelve month high of C$30.67. The company has a quick ratio of 0.68, a current ratio of 3.77 and a debt-to-equity ratio of 0.94. The firm has a market cap of C$4.36 billion, a price-to-earnings ratio of 3.44, a price-to-earnings-growth ratio of 0.14 and a beta of 0.14. The business has a 50-day moving average price of C$27.04 and a 200-day moving average price of C$24.56.

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

Paramount Resources Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st will be given a $0.05 dividend. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, March 16th. Paramount Resources’s dividend payout ratio is presently 6.83%.

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”.