Paramount Resources (TSE:POU) Upgraded by Raymond James Financial to Moderate Buy Rating

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

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

Paramount Resources Stock Down 0.2%

Shares of TSE POU opened at C$23.41 on Thursday. The company has a current ratio of 0.62, a quick ratio of 0.68 and a debt-to-equity ratio of 2.06. The stock has a market capitalization of C$3.36 billion, a PE ratio of 2.49, a price-to-earnings-growth ratio of 0.14 and a beta of 0.29. The stock’s fifty day simple moving average is C$24.06 and its two-hundred day simple moving average is C$22.36. Paramount Resources has a 12-month low of C$14.33 and a 12-month high of C$32.83.

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

Paramount Resources Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were paid a $0.05 dividend. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Monday, December 15th. Paramount Resources’s dividend payout ratio (DPR) is presently 9.58%.

About Paramount Resources

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. Depending on the product, contracts can have daily, monthly, or long-term agreements. Assets for exploration and production are acquired by way of royalties that are paid to provincial governments and freehold landowners.