Paramount Resources Ltd. (TSE:POU) Stock Rated “Moderate Buy” by Sell-Side Analysts

Shares of Paramount Resources Ltd. (TSE:POU) have received a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$34.35.

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

Paramount Resources Price Performance

Shares of Paramount Resources stock opened at C$34.52 on Thursday. The company has a quick ratio of 0.68, a current ratio of 1.87 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of C$5.04 billion, a price-to-earnings ratio of 44.26, a price-to-earnings-growth ratio of 0.14 and a beta of -0.16. Paramount Resources has a twelve month low of C$21.69 and a twelve month high of C$34.91. The company has a 50-day simple moving average of C$31.67 and a two-hundred day simple moving average of C$30.11.

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

Paramount Resources Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 30th will be issued a dividend of $0.05 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Thursday, October 15th. Paramount Resources’s payout ratio is presently 76.92%.

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”.