Paramount Resources (TSE:POU) Given a C$37.00 Price Target by BMO Capital Markets Analysts

BMO Capital Markets set a C$37.00 target price on Paramount Resources (TSE:POU - Free Report) in a report published on Tuesday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other equities research analysts also recently weighed in on POU. Scotiabank dropped their price objective on Paramount Resources from C$30.00 to C$29.00 and set an outperform rating on the stock in a research report on Thursday, March 7th. Royal Bank of Canada dropped their price objective on Paramount Resources from C$33.00 to C$32.00 and set a sector perform rating on the stock in a research report on Thursday, March 7th. Cormark downgraded Paramount Resources from a buy rating to a market perform rating and dropped their price objective for the company from C$40.00 to C$37.50 in a research report on Thursday, March 7th. Raymond James dropped their price objective on Paramount Resources from C$40.00 to C$36.00 and set an outperform rating on the stock in a research report on Friday, January 19th. Finally, Stifel Nicolaus dropped their price objective on Paramount Resources from C$33.50 to C$33.00 and set a buy rating on the stock in a research report on Thursday, March 7th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of C$33.90.

Paramount Resources Stock Up 1.8 %

Shares of Paramount Resources stock traded up C$0.51 during trading on Tuesday, hitting C$29.27. 280,327 shares of the stock traded hands, compared to its average volume of 245,970. The firm has a market cap of C$4.23 billion, a P/E ratio of 9.23, a price-to-earnings-growth ratio of 0.14 and a beta of 3.31. The company has a current ratio of 0.71, a quick ratio of 0.68 and a debt-to-equity ratio of 0.83. Paramount Resources has a 52-week low of C$24.59 and a 52-week high of C$33.80. The stock's fifty day simple moving average is C$27.49 and its 200 day simple moving average is C$27.98.

Paramount Resources (TSE:POU - Get Free Report) last announced its quarterly earnings results on Wednesday, March 6th. The company reported C$0.75 EPS for the quarter, missing the consensus estimate 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, equities analysts predict that Paramount Resources will post 2.3138075 earnings per share for the current fiscal year.

Paramount Resources Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 30th will be issued a $0.125 dividend. This represents a $1.50 annualized dividend and a yield of 5.12%. The ex-dividend date of this dividend is Friday, April 12th. Paramount Resources's dividend payout ratio is presently 47.32%.

Insiders Place Their Bets

In related news, Director Dirk Jungé sold 4,027 shares of Paramount Resources stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of C$28.56, for a total transaction of C$115,028.03. In related news, Director James Geral Bell sold 6,666 shares of Paramount Resources stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of C$29.03, for a total transaction of C$193,513.98. Also, Director Dirk Jungé sold 4,027 shares of Paramount Resources stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of C$28.56, for a total value of C$115,028.03. Over the last 90 days, insiders sold 41,655 shares of company stock valued at $1,174,457. 45.91% of the stock is currently owned by corporate insiders.

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.