Paramount Resources Ltd. (TSE:POU) Receives C$34.95 Consensus Target Price from Analysts

Shares of Paramount Resources Ltd. (TSE:POU - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the ten research firms that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$34.95.

A number of research analysts have recently weighed in on POU shares. CIBC raised their price objective on Paramount Resources from C$30.00 to C$35.00 and gave the company a "neutral" rating in a research report on Monday. Scotiabank dropped their price target on Paramount Resources from C$30.00 to C$29.00 and set an "outperform" rating for the company in a research report on Thursday, March 7th. Jefferies Financial Group dropped their price target on Paramount Resources from C$33.00 to C$31.00 in a research report on Thursday, March 7th. Cormark lowered Paramount Resources from a "buy" rating to a "market perform" rating and dropped their price target for the stock from C$40.00 to C$37.50 in a research report on Thursday, March 7th. Finally, National Bankshares lifted their price target on Paramount Resources from C$37.50 to C$40.00 and gave the stock an "outperform" rating in a research report on Friday, April 19th.

Insider Activity

In related news, Senior Officer Michael S. Han sold 30,040 shares of the business's stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of C$28.00, for a total value of C$841,120.00. In related news, Senior Officer Michael S. Han sold 30,040 shares of the business's stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of C$28.00, for a total value of C$841,120.00. Also, Director Dirk Jungé sold 4,027 shares of the business's stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of C$28.56, for a total transaction of C$115,028.03. Over the last quarter, insiders sold 69,655 shares of company stock valued at $2,021,257. Corporate insiders own 45.91% of the company's stock.

Paramount Resources Price Performance

POU stock traded up C$0.40 during trading on Friday, reaching C$31.98. The company's stock had a trading volume of 192,136 shares, compared to its average volume of 263,083. The company has a market capitalization of C$4.62 billion, a P/E ratio of 9.96, a price-to-earnings-growth ratio of 0.14 and a beta of 3.31. The company's fifty day moving average is C$28.38 and its 200-day moving average is C$27.89. The company has a quick ratio of 0.68, a current ratio of 0.71 and a debt-to-equity ratio of 0.83. Paramount Resources has a 1 year low of C$24.59 and a 1 year high of C$33.80.

Paramount Resources (TSE:POU - Get Free Report) last issued its quarterly earnings data on Wednesday, March 6th. The company reported C$0.75 earnings per share for the quarter, missing analysts' consensus estimates of C$0.95 by C($0.20). The firm had revenue of C$470.50 million for the quarter, compared to analysts' expectations of C$436.00 million. Paramount Resources had a net margin of 26.13% and a return on equity of 13.67%. On average, research analysts expect that Paramount Resources will post 2.5252525 earnings per share for the current fiscal year.

Paramount Resources Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be paid a dividend of $0.125 per share. This represents a $1.50 annualized dividend and a dividend yield of 4.69%. The ex-dividend date of this dividend is Friday, April 12th. Paramount Resources's dividend payout ratio is presently 47.32%.

About Paramount Resources

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.