Paramount Resources Ltd. (TSE:POU) Given Average Rating of “Hold” by Analysts

Paramount Resources Ltd. (TSE:POU) has received a consensus recommendation of “Hold” from the four research firms that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$26.93.

POU has been the subject of a number of analyst reports. Raymond James Financial lifted their price target on Paramount Resources from C$24.00 to C$25.00 in a research note on Wednesday, November 5th. Royal Bank Of Canada raised their target price on Paramount Resources from C$23.00 to C$26.00 and gave the company a “sector perform” rating in a report on Tuesday, September 23rd. Jefferies Financial Group upped their price target on Paramount Resources from C$25.00 to C$28.00 in a report on Tuesday, October 21st. National Bankshares increased their price target 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. Finally, CIBC raised their price objective on Paramount Resources from C$25.00 to C$26.00 in a research note on Wednesday, October 15th.

Paramount Resources Stock Down 0.2%

Shares of TSE POU opened at C$23.78 on Thursday. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.62 and a quick ratio of 0.68. The company has a 50-day moving average price of C$22.17 and a 200-day moving average price of C$20.84. The stock has a market capitalization of C$3.41 billion, a P/E ratio of 2.53, a P/E/G ratio of 0.14 and a beta of 0.36. Paramount Resources has a 1 year low of C$14.33 and a 1 year high of C$32.83.

Paramount Resources Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 28th will be given a dividend of $0.05 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, November 14th. Paramount Resources’s dividend payout ratio (DPR) is presently 9.58%.

Paramount Resources Company Profile

Paramount Resources Ltd is a Canadian energy company that explores, develops, produces, and markets natural gas, crude oil, and natural gas liquids. The company takes part in exploration and production in Alberta and British Columbia. Sales for Paramount’s products are priced in a multitude of markets that span the United States and Canada.