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

Shares of Paramount Resources Ltd. (TSE:POU) have been assigned an average rating of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$31.22.

A number of equities research analysts recently weighed in on the company. Raymond James Financial upped their price target on Paramount Resources from C$29.00 to C$31.00 and gave the stock an “outperform” rating in a report on Wednesday, March 4th. Royal Bank Of Canada upped their price target 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. BMO Capital Markets upped 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. ATB Cormark Capital Markets upped their price target 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. Finally, National Bank Financial upped their price target on Paramount Resources from C$32.00 to C$32.50 and gave the stock a “sector perform” rating in a report on Wednesday, March 4th.

Insider Buying and Selling at Paramount Resources

In related news, insider John B. Williams sold 6,800 shares of the company’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of C$30.45, for a total value of C$207,060.00. Following the sale, the insider owned 171,285 shares in the company, valued at C$5,215,628.25. This represents a 3.82% decrease in their position. In the last 90 days, insiders sold 18,000 shares of company stock valued at $546,140. Corporate insiders own 45.36% of the company’s stock.

Paramount Resources Stock Performance

TSE POU opened at C$29.57 on Thursday. The company has a current ratio of 3.77, a quick ratio of 0.68 and a debt-to-equity ratio of 0.94. The business’s 50 day moving average is C$28.26 and its two-hundred day moving average is C$25.47. Paramount Resources has a 12-month low of C$15.37 and a 12-month high of C$30.67. The stock has a market capitalization of C$4.29 billion, a price-to-earnings ratio of 3.37, a PEG ratio of 0.14 and a beta of -0.05.

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

Paramount Resources Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 30th will be issued a $0.05 dividend. The ex-dividend date is Wednesday, April 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. Paramount Resources’s dividend payout ratio is currently 6.83%.

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”.