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

Shares of Paramount Resources Ltd. (TSE:POU) have received a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$31.22.

POU has been the topic of several analyst reports. Jefferies Financial Group cut their price target on shares of Paramount Resources from C$29.00 to C$28.00 in a report on Tuesday, January 20th. National Bank Financial boosted their target price on Paramount Resources from C$32.00 to C$32.50 and gave the company a “sector perform” rating in a research report on Wednesday, March 4th. Roth Mkm set a C$33.00 target price on Paramount Resources and gave the company a “buy” rating in a research note on Wednesday, March 4th. Scotiabank increased 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, January 21st. Finally, Royal Bank Of Canada raised their price target on Paramount Resources from C$26.00 to C$30.00 and gave the stock a “sector perform” rating in a research note on Wednesday, March 4th.

Paramount Resources Stock Up 0.8%

TSE POU opened at C$29.31 on Wednesday. The company has a quick ratio of 0.68, a current ratio of 3.77 and a debt-to-equity ratio of 0.94. Paramount Resources has a 52 week low of C$14.50 and a 52 week high of C$30.29. The firm has a market capitalization of C$4.21 billion, a price-to-earnings ratio of 3.12, a PEG ratio of 0.14 and a beta of 0.14. The company has a fifty day moving average of C$25.36 and a two-hundred day moving average of C$23.73.

Paramount Resources (TSE:POU) last announced its 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 net margin of 129.11% and a return on equity of 48.07%. On average, analysts predict that Paramount Resources will post 1.4075758 earnings per share for the current year.

Paramount Resources Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 27th were given a dividend of $0.05 per share. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Friday, February 13th. Paramount Resources’s dividend payout ratio (DPR) is 9.58%.

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”.