Should I buy or sell Paramount Resources stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Paramount Resources in the last twelve months. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" POU shares. View POU analyst ratings or view top-rated stocks .

What is Paramount Resources' stock price target for 2024?

7 equities research analysts have issued 12 month price targets for Paramount Resources' stock. Their POU share price targets range from C$37.00 to C$42.50. On average, they anticipate the company's stock price to reach C$39.69 in the next year. This suggests a possible upside of 54.7% from the stock's current price. View analysts price targets for POU or view top-rated stocks among Wall Street analysts .

How have POU shares performed in 2023?

Paramount Resources' stock was trading at C$28.64 at the start of the year. Since then, POU stock has decreased by 10.4% and is now trading at C$25.65. View the best growth stocks for 2023 here .

When is Paramount Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 5th 2024. View our POU earnings forecast .

How were Paramount Resources' earnings last quarter?

Paramount Resources Ltd. (TSE:POU) announced its quarterly earnings results on Thursday, November, 2nd. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by $0.08. The firm had revenue of $430.70 million for the quarter. Paramount Resources had a net margin of 31.48% and a trailing twelve-month return on equity of 18.94%.

How often does Paramount Resources pay dividends? What is the dividend yield for Paramount Resources?

Paramount Resources announced a monthly dividend on Thursday, December 14th. Shareholders of record on Friday, December 29th will be given a dividend of 0.125 per share on Friday, December 29th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 5.85%. The ex-dividend date of this dividend is Thursday, December 14th. Read our dividend analysis for POU .

Is Paramount Resources a good dividend stock?

Paramount Resources (TSE:POU) pays an annual dividend of C$1.50 per share and currently has a dividend yield of 5.74%. POU has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 35.89%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for POU .

What other stocks do shareholders of Paramount Resources own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Paramount Resources investors own include Intact Financial (IFC) , Constellation Software (CSU) , AutoCanada (ACQ) , Alimentation Couche-Tard (ATD.B) , AbbVie (ABBV) , Vermilion Energy (VET) , Rogers Communications (RCI) , Toronto-Dominion Bank (TD) and Open Text (OTEX) .

How do I buy shares of Paramount Resources?

Shares of POU stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

Paramount Resources (POU) Stock Price, News & Analysis

C$25.65

-0.47 (-1.80%)

(As of 01:43 PM ET)

Compare

Today's Range: C$25.40
▼
C$26.00
50-Day Range: C$25.36
▼
C$33.56
52-Week Range: C$25.05
▼
C$33.80

Volume: 130,344 shs
Average Volume: 268,284 shs
Market Capitalization: C$3.69 billion

P/E Ratio: 6.14
Dividend Yield: 5.85%
Price Target: C$39.69

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

Paramount Resources MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.57 Rating Score
Upside/Downside: 54.7% Upside
C$39.69 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 2.00
Based on 2 Articles This Week
Insider Trading: Selling Shares
C$778,698 Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.38 out of 5 stars

4.3

Analyst's Opinion

Consensus Rating
Paramount Resources has received a consensus rating of Moderate Buy. The company's average rating score is 2.57, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$39.69, Paramount Resources has a forecasted upside of 54.7% from its current price of C$25.65.
Amount of Analyst Coverage
Paramount Resources has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for POU.

2.5

Dividend Strength

Dividend Leadership
Paramount Resources is a leading dividend payer. It pays a dividend yield of 5.74%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Paramount Resources does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Paramount Resources is 35.89%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for POU.

3.3

News and Social Media Coverage

News Sentiment
Paramount Resources has a news sentiment score of 2.00. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.45 average news sentiment score of Energy companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Paramount Resources this week, compared to 1 article on an average week.
Search Interest
Only 2 people have searched for POU on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Paramount Resources insiders have sold 582.89% more of their company's stock than they have bought. Specifically, they have bought C$114,030.00 in company stock and sold C$778,698.00 in company stock.
Percentage Held by Insiders
45.79% of the stock of Paramount Resources is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 7.04% of the stock of Paramount Resources is held by institutions.

2.5

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Paramount Resources is 6.14, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.23.
Price to Earnings Ratio vs. Sector
The P/E ratio of Paramount Resources is 6.14, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 108.19.
Price to Earnings Growth Ratio
Paramount Resources has a PEG Ratio of 0.14. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Paramount Resources has a P/B Ratio of 1.06. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Paramount Resources Stock (TSE:POU)

Paramount Resources Ltd. explores for and develops conventional and unconventional petroleum and natural gas in Canada. The company holds interests in the Karr and Wapiti Montney properties covering an area of 185,000 net acres located south of the city of Grande Prairie, Alberta; Kaybob North Duvernay development, the Kaybob North Montney oil development and other low-decline, legacy shale gas, and conventional natural gas producing properties covering an area of 745,000 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 811,000 net acres. Paramount Resources Ltd. was founded in 1976 and is based in Calgary, Canada.

POU Stock Price History

30 days | 90 days | 365 days | Advanced Chart

POU Stock News Headlines

December 1, 2023 | americanbankingnews.com

Paramount Resources Ltd. (TSE:POU) Receives C$39.69 Average Price Target from Brokerages

November 26, 2023 | finance.yahoo.com

Paramount Resources (TSE:POU) Ticks All The Boxes When It Comes To Earnings Growth

December 11, 2023 | Edge On The Street (Ad)

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November 13, 2023 | morningstar.com

Paramount Resources Ltd Class A POU

November 6, 2023 | finance.yahoo.com

Paramount Resources (TSE:POU) Is Paying Out A Dividend Of CA$0.125

November 2, 2023 | finance.yahoo.com

Paramount Resources Ltd. Announces Third Quarter 2023 Results, Expansion of Montney Acreage, 2024 Budget and Five-Year Outlook

October 25, 2023 | theglobeandmail.com

Bullish on Paramount Resources Ltd.

October 17, 2023 | finance.yahoo.com

Will Weakness in Paramount Resources Ltd.'s (TSE:POU) Stock Prove Temporary Given Strong Fundamentals?

December 11, 2023 | Edge On The Street (Ad)

Is the Biden Administration Ultimately Good for Gold - and Gold Royalties?

October 12, 2023 | finance.yahoo.com

Paramount Resources Ltd's Dividend Analysis

September 27, 2023 | finance.yahoo.com

Individual investors own 43% of Paramount Resources Ltd. (TSE:POU) shares but private companies control 46% of the company

September 12, 2023 | proactiveinvestors.com

Paramount Resources tops TSX30 list of best-performing stocks

September 12, 2023 | finance.yahoo.com

Energy companies dominate TSX's list of top 30 stocks over past 3 years

September 12, 2023 | theglobeandmail.com

Investors drawn to oil and gas, energy transition, TSX top 30 list shows

September 10, 2023 | finance.yahoo.com

Should You Buy Paramount Resources Ltd. (TSE:POU) For Its Upcoming Dividend?

August 30, 2023 | finance.yahoo.com

Is Paramount Resources Ltd. (TSE:POU) Trading At A 43% Discount?

August 26, 2023 | health.usnews.com

Dr. Stephen M. Pou

August 17, 2023 | theglobeandmail.com

Closing Bell: Paramount Resources Ltd up on Thursday (POU)

August 2, 2023 | marketwatch.com

Paramount Resources Cuts Guidance After Alberta Wildfires -- Energy Comment

July 20, 2023 | theglobeandmail.com

Closing Bell: Paramount Resources Ltd up on Wednesday (POU)

July 4, 2023 | marketwatch.com

Paramount Resources Cuts 1H Sales Volume Guidance After Alberta Fires

June 8, 2023 | msn.com

CIBC CAPITAL MARKETS Maintains Paramount Resources (TSX:POU) Neutral Recommendation

May 30, 2023 | markets.businessinsider.com

Paramount Resources (PRMRF) Receives a Rating Update from a Top Analyst

May 29, 2023 | seekingalpha.com

Paramount Resources provides production and wildfire update

May 29, 2023 | finance.yahoo.com

PARAMOUNT RESOURCES LTD. PROVIDES PRODUCTION AND WILDFIRE UPDATE

May 15, 2023 | finance.yahoo.com

UPDATE 1-Canada PM Trudeau heads for Alberta as wildfires rage

May 10, 2023 | theglobeandmail.com

Closing Bell: Paramount Resources Ltd up on Tuesday (POU)

See More Headlines

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Company Calendar

Last Earnings: 11/02/2023
Ex-Dividend for 11/30 Dividend: 11/14/2023
Dividend Payable: 11/30/2023
Today: 12/11/2023
Ex-Dividend for 12/29 Dividend: 12/14/2023
Dividend Payable: 12/29/2023
Next Earnings (Estimated): 3/05/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Oil & Gas E&P
Sub-Industry: N/A
Sector: Energy
Current Symbol: TSE:POU
CUSIP: N/A
CIK: N/A
Web: www.paramountres.com
Phone: +1-403-2903600
Fax: N/A
Employees: 526
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$39.69
High Stock Price Target: C$42.50
Low Stock Price Target: C$37.00
Potential Upside/Downside: +51.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.57
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$4.18
Trailing P/E Ratio: 6.25
Forward P/E Ratio: 7.55
P/E Growth: 0.14
Net Income: C$618 million
Net Margins: 31.48%
Pretax Margin: N/A
Return on Equity: 18.94%
Return on Assets: 8.60%

Debt

Debt-to-Equity Ratio: 0.83
Current Ratio: 0.74
Quick Ratio: 0.68

Sales & Book Value

Annual Sales: C$1.96 billion
Price / Sales: 1.92
Cash Flow: C$0.05 per share
Price / Cash Flow: 512.50
Book Value: C$24.16 per share
Price / Book: 1.08

Miscellaneous

Outstanding Shares: 143,900,000
Free Float: N/A
Market Cap: C$3.76 billion
Optionable: Not Optionable
Beta: 3.14

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Key Executives

Mr. James H. T. Riddell BSc (Age 56)
MSc (Geology), Chairman, President & CEO
Comp: $727.82k
Mr. Paul Robert Kinvig
Chief Financial Officer
Mr. David Blake Reid
Executive Vice President of Operations
Mr. Rodrigo R. Sousa B.Com.
C.F.A., Executive Vice President of Corporate Development & Planning
Mr. Bernard K. Lee
Executive Vice President of Finance
Mr. Mark Gordon Franko
General Counsel & Corporate Secretary
Mr. Phillip G. Tahmazian
Vice President of Midstream & Marketing
Mr. Garth W. J. Stotts
Executive Vice President of Development & Reserves
Mr. John B. Williams
Executive Vice President of Kaybob Region

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

POU Stock Analysis - Frequently Asked Questions

Should I buy or sell Paramount Resources stock right now?: 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Paramount Resources in the last twelve months. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" POU shares.
View POU analyst ratings or view top-rated stocks.
What is Paramount Resources' stock price target for 2024?: 7 equities research analysts have issued 12 month price targets for Paramount Resources' stock. Their POU share price targets range from C$37.00 to C$42.50. On average, they anticipate the company's stock price to reach C$39.69 in the next year. This suggests a possible upside of 54.7% from the stock's current price.
View analysts price targets for POU or view top-rated stocks among Wall Street analysts.
How have POU shares performed in 2023?: Paramount Resources' stock was trading at C$28.64 at the start of the year. Since then, POU stock has decreased by 10.4% and is now trading at C$25.65.
View the best growth stocks for 2023 here.
When is Paramount Resources' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 5th 2024.
View our POU earnings forecast.
How were Paramount Resources' earnings last quarter?: Paramount Resources Ltd. (TSE:POU) announced its quarterly earnings results on Thursday, November, 2nd. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by $0.08. The firm had revenue of $430.70 million for the quarter. Paramount Resources had a net margin of 31.48% and a trailing twelve-month return on equity of 18.94%.

How often does Paramount Resources pay dividends? What is the dividend yield for Paramount Resources?: Paramount Resources announced a monthly dividend on Thursday, December 14th. Shareholders of record on Friday, December 29th will be given a dividend of 0.125 per share on Friday, December 29th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 5.85%. The ex-dividend date of this dividend is Thursday, December 14th.
Read our dividend analysis for POU.
Is Paramount Resources a good dividend stock?: Paramount Resources (TSE:POU) pays an annual dividend of C$1.50 per share and currently has a dividend yield of 5.74%. POU has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 35.89%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for POU.
What other stocks do shareholders of Paramount Resources own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Paramount Resources investors own include Intact Financial (IFC), Constellation Software (CSU), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV), Vermilion Energy (VET), Rogers Communications (RCI), Toronto-Dominion Bank (TD) and Open Text (OTEX).
How do I buy shares of Paramount Resources?: Shares of POU stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:POU) was last updated on 12/11/2023 by MarketBeat.com Staff

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Paramount Resources (POU) Stock Price, News & Analysis

Paramount Resources MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

Company Ownership

Earnings and Valuation

About Paramount Resources Stock (TSE:POU)

POU Stock Price History

POU Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

POU Stock Analysis - Frequently Asked Questions

Overall MarketRank^™