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

Paramount Resources Ltd. (TSE:POU) has earned an average recommendation of “Moderate Buy” from the nine brokerages that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$38.67.

A number of research analysts recently weighed in on POU shares. CIBC increased their price objective on shares of Paramount Resources from C$38.00 to C$39.50 in a research report on Friday, November 15th. Cibc World Mkts raised Paramount Resources from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 17th. Royal Bank of Canada lifted their price objective on Paramount Resources from C$34.00 to C$37.00 in a report on Friday, November 15th. Scotiabank increased their target price on Paramount Resources from C$44.00 to C$46.00 in a report on Friday, January 17th. Finally, Jefferies Financial Group dropped their target price on Paramount Resources from C$37.00 to C$35.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th.

Insider Buying and Selling at Paramount Resources

In other Paramount Resources news, Senior Officer Garth W.J. Stotts sold 12,000 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of C$31.02, for a total transaction of C$372,183.60. Also, Director Kimberley Elizabeth Lynch Proctor acquired 3,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was acquired at an average cost of C$31.36 per share, with a total value of C$94,080.00. Over the last 90 days, insiders have bought 103,248 shares of company stock valued at $3,231,616 and have sold 88,320 shares valued at $2,730,172. Insiders own 45.36% of the company’s stock.

Paramount Resources Stock Down 1.4 %

Paramount Resources stock opened at C$29.11 on Friday. Paramount Resources has a 12 month low of C$24.51 and a 12 month high of C$33.06. The stock has a fifty day simple moving average of C$30.78 and a two-hundred day simple moving average of C$28.91. The company has a current ratio of 0.75, a quick ratio of 0.68 and a debt-to-equity ratio of 0.83. The firm has a market cap of C$4.27 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 0.14 and a beta of 3.04.

Paramount Resources (TSE:POU) last released its quarterly earnings data on Thursday, November 7th. The company reported C$0.64 EPS for the quarter, missing the consensus estimate of C$0.92 by C($0.28). Paramount Resources had a return on equity of 10.03% and a net margin of 19.66%. Equities analysts predict that Paramount Resources will post 1.4075758 EPS for the current fiscal year.

Paramount Resources Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 31st will be paid a dividend of $0.15 per share. This represents a $1.80 dividend on an annualized basis and a yield of 6.18%. The ex-dividend date is Wednesday, January 15th. Paramount Resources’s payout ratio is 76.27%.

Paramount Resources Company Profile

Paramount Resources Ltd. explores for and develops conventional and unconventional petroleum and natural gas reserves and resources in Canada. The company holds interests in the Karr and Wapiti Montney properties covering an area of 109,000 net acres located south of the city of Grande Prairie, Alberta; Kaybob North Duvernay development and natural gas producing properties covering an area of 124,000 net acres located in west-central Alberta; and Willesden Green Duvernay development in central Alberta and shale gas producing properties in the Horn River Basin in northeast British Columbia covering an area of 249,000 net acres.