Paramount Resources Ltd. (TSE:POU) Stock Has Consensus Target Price of C$34.35 According to Analysts

Shares of Paramount Resources Ltd. (TSE:POU) have been given an average rating of “Moderate Buy” by the eight ratings firms that are currently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$34.35.

Several brokerages recently issued reports on POU. Scotia increased their price target on shares of Paramount Resources from C$34.00 to C$36.00 and gave the stock a “sector perform” rating in a research note on Friday, August 7th. Royal Bank Of Canada lifted their target price on Paramount Resources from C$35.00 to C$37.00 and gave the company a “sector perform” rating in a research note on Friday, August 7th. Scotiabank upgraded Paramount Resources to a “hold” rating in a research report on Friday, June 26th. BMO Capital Markets boosted their price target on Paramount Resources from C$35.00 to C$37.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Finally, ATB Cormark Capital Markets raised their price target on Paramount Resources from C$35.00 to C$37.00 and gave the company an “outperform” rating in a research note on Friday, August 7th.

Paramount Resources Stock Performance

Paramount Resources stock opened at C$34.13 on Thursday. Paramount Resources has a fifty-two week low of C$21.69 and a fifty-two week high of C$34.91. The stock’s 50 day simple moving average is C$31.77 and its two-hundred day simple moving average is C$30.19. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.68 and a current ratio of 1.87. The stock has a market cap of C$4.98 billion, a price-to-earnings ratio of 43.76, a PEG ratio of 0.14 and a beta of -0.16.

Paramount Resources (TSE:POU) last released its earnings results on Thursday, August 6th. The company reported C$0.47 EPS for the quarter. The company had revenue of C$317.90 million during the quarter. Paramount Resources had a return on equity of 4.30% and a net margin of 11.19%. As a group, analysts expect that Paramount Resources will post 1.41 earnings per share for the current fiscal year.

Paramount Resources Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 30th will be given a dividend of $0.05 per share. This represents a $0.60 annualized dividend and a yield of 1.8%. The ex-dividend date is Thursday, October 15th. Paramount Resources’s dividend payout ratio (DPR) is currently 76.92%.

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”.