Paramount Resources Ltd. (TSE:POU) Given Average Recommendation of “Hold” by Brokerages

Shares of Paramount Resources Ltd. (TSE:POU) have been assigned a consensus rating of “Hold” from the four ratings firms that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$26.21.

Several analysts recently issued reports on the company. Royal Bank Of Canada raised their target price on Paramount Resources from C$23.00 to C$26.00 and gave the stock a “sector perform” rating in a research note on Tuesday, September 23rd. CIBC lifted their price objective on Paramount Resources from C$25.00 to C$26.00 in a research report on Wednesday, October 15th. National Bankshares upped their target price on 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. Finally, Jefferies Financial Group upped their target price on Paramount Resources from C$25.00 to C$28.00 in a report on Tuesday.

Paramount Resources Stock Up 2.0%

TSE POU opened at C$22.81 on Friday. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.62 and a quick ratio of 0.68. The stock has a market capitalization of C$3.27 billion, a PE ratio of 2.27, a PEG ratio of 0.14 and a beta of 0.49. Paramount Resources has a 1 year low of C$14.33 and a 1 year high of C$32.83. The business’s 50-day moving average is C$21.37 and its 200 day moving average is C$20.11.

Paramount Resources Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 31st will be issued a dividend of $0.05 per share. The ex-dividend date is Wednesday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. Paramount Resources’s dividend payout ratio is 11.94%.

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.