Paramount Resources - POU Stock Forecast, Price & News

Paramount Resources Ltd., an independent energy company, explores for, develops, produces, and markets natural gas, crude oil, and natural gas liquids in Canada. The company's principal properties are the Montney and Duvernay developments located in Alberta and British Columbia. It also invests in public and private corporations. Paramount Resources Ltd. was founded in 1976 and is based in Calgary, Canada.

Paramount Resources Stock Performance

POU traded down C$0.23 on Friday, hitting C$28.84. The company's stock had a trading volume of 356,115 shares, compared to its average volume of 473,990. The company's 50 day simple moving average is C$30.74 and its 200-day simple moving average is C$30.32. The firm has a market cap of C$4.07 billion and a P/E ratio of 12.02. Paramount Resources has a 12 month low of C$11.97 and a 12 month high of C$40.73. The company has a quick ratio of 0.36, a current ratio of 0.40 and a debt-to-equity ratio of 8.16.

Paramount Resources (TSE:POU - Get Rating) last released its quarterly earnings data on Wednesday, August 3rd. The company reported C$1.24 EPS for the quarter, topping the consensus estimate of C$1.09 by C$0.15. The business had revenue of C$536.20 million during the quarter. Analysts forecast that Paramount Resources will post 7.2199996 EPS for the current year.

Paramount Resources Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Wednesday, August 31st will be issued a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend is Friday, August 12th. Paramount Resources's payout ratio is 31.67%.

Analyst Upgrades and Downgrades

Several research firms have commented on POU. Cormark increased their price objective on shares of Paramount Resources from C$38.00 to C$46.00 and gave the company a "buy" rating in a research note on Thursday, May 5th. National Bankshares decreased their price objective on shares of Paramount Resources from C$50.00 to C$45.00 and set an "outperform" rating for the company in a research note on Monday, July 18th. BMO Capital Markets decreased their price target on shares of Paramount Resources from C$45.00 to C$42.00 in a research note on Thursday, August 4th. Stifel Nicolaus decreased their price target on shares of Paramount Resources from C$47.50 to C$43.00 in a research note on Thursday, August 4th. Finally, Scotiabank decreased their price target on shares of Paramount Resources from C$35.00 to C$34.00 in a research note on Thursday, July 14th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of C$39.80.

Insider Buying and Selling at Paramount Resources

In other Paramount Resources news, Senior Officer David Blake Reid sold 9,000 shares of the firm's stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of C$35.00, for a total value of C$315,000.00. Following the completion of the transaction, the insider now directly owns 32,319 shares of the company's stock, valued at approximately C$1,131,165. In related news, Senior Officer Bernard K. Lee acquired 15,000 shares of the stock in a transaction dated Wednesday, June 22nd. The shares were purchased at an average price of C$31.00 per share, for a total transaction of C$465,000.00. Following the transaction, the insider now owns 259,604 shares in the company, valued at approximately C$8,047,724. Also, Senior Officer David Blake Reid sold 9,000 shares of the firm's stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of C$35.00, for a total transaction of C$315,000.00. Following the sale, the insider now owns 32,319 shares in the company, valued at approximately C$1,131,165.