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

Key Points

• Seven brokers give Paramount a consensus rating of Moderate Buy (five Buy, two Hold) with an average 12‑month price target of C$31.22.
• Paramount announced a $0.05 monthly dividend payable March 31 (ex‑dividend March 16), implying about a 2.0% yield and a 6.83% payout ratio.
• The stock has a market cap of C$4.36 billion and a low reported PE ratio of 3.44; the company posted C($0.03) EPS last quarter on C$262.5 million revenue while reporting strong net margin and ROE metrics.

Shares of Paramount Resources Ltd. (TSE:POU - Get Free Report) have been given a consensus rating of "Moderate Buy" by the seven ratings 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 12 month price objective among brokers that have covered the stock in the last year is C$31.22.

Several research analysts have recently issued reports on POU shares. National Bank Financial upped their target price on shares of Paramount Resources from C$32.00 to C$32.50 and gave the stock a "sector perform" rating in a research note on Wednesday, March 4th. Jefferies Financial Group reduced their price target on shares of Paramount Resources from C$29.00 to C$28.00 in a research report on Tuesday, January 20th. Royal Bank Of Canada boosted their price objective on shares of 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. Scotiabank upped their price objective on Paramount Resources from C$29.00 to C$31.00 and gave the company an "outperform" rating in a research report on Wednesday, January 21st. Finally, 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.

Paramount Resources Price Performance

POU opened at C$30.16 on Friday. The firm has a market cap of C$4.36 billion, a PE ratio of 3.44, a P/E/G ratio of 0.14 and a beta of 0.14. The stock has a 50-day moving average price of C$27.04 and a 200-day moving average price of C$24.56. Paramount Resources has a 1 year low of C$14.50 and a 1 year high of C$30.67. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.77 and a quick ratio of 0.68.

Paramount Resources (TSE:POU - Get Free Report) last announced its quarterly earnings data on Tuesday, March 3rd. The company reported C($0.03) EPS for the quarter. The firm had revenue of C$262.50 million for the quarter. Paramount Resources had a net margin of 129.11% and a return on equity of 48.07%. Sell-side analysts predict that Paramount Resources will post 1.4075758 earnings per share for the current fiscal year.

Paramount Resources Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st will be given a $0.05 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a c) dividend on an annualized basis and a yield of 2.0%. Paramount Resources's payout ratio is 6.83%.

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".

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.