TSE:POU

Paramount Resources Stock Forecast, Price & News

C$16.06

-0.09 (-0.56 %)

(As of 08/3/2021 12:00 AM ET)

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Today's Range

C$15.20

▼

C$16.19

50-Day Range

C$13.13

▼

C$17.50

52-Week Range

C$1.89

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C$17.50

Volume193,171 shs

Average Volume366,203 shs

Market CapitalizationC$2.13 billion

P/E Ratio16.45

Dividend Yield1.49%

BetaN/A

30 days | 90 days | 365 days | Advanced Chart

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About Paramount Resources

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. The company was founded in 1976 and is based in Calgary, Canada.

Paramount Resources (TSE:POU) Sets New 12-Month High at $16.19
August 3, 2021 | americanbankingnews.com

Paramount Resources (TSE:POU) Share Price Crosses Above 200-Day Moving Average of $0.00
July 27, 2021 | americanbankingnews.com

Paramount Resources (TSE:POU) Price Target Raised to C$20.00
July 19, 2021 | americanbankingnews.com

Paramount Resources (TSE:POU) PT Raised to C$19.00
July 15, 2021 | americanbankingnews.com

CIBC Raises Paramount Resources (TSE:POU) Price Target to C$20.00
July 14, 2021 | americanbankingnews.com

3 Reasons Why This Canadian Energy Stock Has Been a 3-Bagger This Year
June 24, 2021 | ca.finance.yahoo.com

BCE, Devonian at 52-Week Highs on News
May 26, 2021 | baystreet.ca

2 TSX Stocks With Jaw-Dropping Returns in 2021
April 29, 2021 | ca.finance.yahoo.com

Loss-Making Paramount Resources Ltd. (TSE:POU) Set To Breakeven
March 9, 2021 | finance.yahoo.com

Paramount Resources'(TSE:POU) Share Price Is Down 83% Over The Past Three Years.
November 24, 2020 | finance.yahoo.com

See More Headlines

Industry, Sector and Symbol

Stock Exchange TSE
Industry Independent Oil & Gas
Sub-IndustryN/A
SectorBasic Materials
Current SymbolTSE:POU
Previous Symbol
CUSIPN/A
CIKN/A
Webwww.paramountres.com
Phone+1-403-2903600
Employees497
Year FoundedN/A

Sales & Book Value

Annual SalesC$695.56 million
Price / Sales3.07
Cash FlowC$0.05 per share
Price / Cash Flow292.73
Book ValueC$15.11 per share
Price / Book1.06

Profitability

Debt

Price-To-Earnings

Miscellaneous

Outstanding Shares132,754,000
Market CapC$2.13 billion
Next Earnings Date8/5/2021 (Estimated)
OptionableNot Optionable

MarketRank^™

Overall MarketRank^™

1.73 out of 5 stars

2.1 Analyst's Opinion

Consensus Rating
Paramount Resources has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 2 buy ratings, 6 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$17.08, Paramount Resources has a forecasted upside of 6.3% from its current price of C$16.06.
Amount of Analyst Coverage
Paramount Resources has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.6 Community Rank

Outperform Votes
Paramount Resources has received 372 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Paramount Resources has received 305 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Paramount Resources has received 54.95% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Paramount Resources and other stocks. Vote “Outperform” if you believe POU will outperform the S&P 500 over the long term. Vote “Underperform” if you believe POU will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.8 Dividend Strength

Dividend Yield
Paramount Resources pays a meaningful dividend of 1.49%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Paramount Resources does not have a long track record of dividend growth.

0.8 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Paramount Resources insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$153,844.00 in company stock.

1.3 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Paramount Resources is 16.45, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 20.78.
Price to Earnings Ratio vs. Sector
The P/E ratio of Paramount Resources is 16.45, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 20.65.
Price to Earnings Growth Ratio
Due to a projected decrease in earnings for Paramount Resources, their PEG ratio cannot be calculated.
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

Paramount Resources (TSE:POU) Frequently Asked Questions

Is Paramount Resources a buy right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Paramount Resources in the last year. There are currently 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Paramount Resources stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in POU, but not buy additional shares or sell existing shares.
View analyst ratings for Paramount Resources or view top-rated stocks.

What stocks does MarketBeat like better than Paramount Resources?

Wall Street analysts have given Paramount Resources a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Paramount Resources wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Paramount Resources' next earnings date?

Paramount Resources is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021.
View our earnings forecast for Paramount Resources.

How were Paramount Resources' earnings last quarter?

Paramount Resources Ltd. (TSE:POU) announced its earnings results on Wednesday, May, 5th. The company reported ($0.33) EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.03 by $0.36. The firm had revenue of $279.87 million for the quarter, compared to analyst estimates of $209 million.
View Paramount Resources' earnings history.

How has Paramount Resources' stock price been impacted by COVID-19?

Paramount Resources' stock was trading at C$1.48 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, POU shares have increased by 985.1% and is now trading at C$16.06.
View which stocks have been most impacted by COVID-19.

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

Paramount Resources declared a monthly dividend on Wednesday, July 14th. Investors of record on Friday, July 30th will be given a dividend of 0.02 per share on Friday, July 30th. This represents a $0.24 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Wednesday, July 14th.
View Paramount Resources' dividend history.

What price target have analysts set for POU?

8 analysts have issued 1-year price targets for Paramount Resources' shares. Their forecasts range from C$3.25 to C$20.00. On average, they expect Paramount Resources' share price to reach C$17.08 in the next twelve months. This suggests a possible upside of 6.3% from the stock's current price.
View analysts' price targets for Paramount Resources or view top-rated stocks among Wall Street analysts.

Who are Paramount Resources' key executives?

Paramount Resources' management team includes the following people:

Mr. James H. T. Riddell BSc, MSc (Geology), Chairman, Pres & CEO (Age 54, Pay $355.34k)
Mr. Paul Robert Kinvig, Chief Financial Officer
Mr. David Blake Reid, Exec. VP of Operations
Mr. E. Mitchell Shier LL.B, LL.M, Gen. Counsel & VP of Land (Age 63, Pay $286.42k)
Mr. Rodrigo R. Sousa B.Com., C.F.A., CFA, Exec. VP of Corp. Devel. & Planning
Mr. Bernard K. Lee, Exec. VP of Fin.
Mr. Michael S. Han, VP of Information Services & Corp. Services
Mr. Phillip G. Tahmazian, VP of Midstream & Marketing
Mr. John B. Williams, Exec. VP of Kaybob Region
Dr. William J. F. Roach, Chief Exec. Officer of Pixar and Pres of Pixar (Age 64)

Who are some of Paramount Resources' key competitors?

Some companies that are related to Paramount Resources include Linamar (LNR), Crescent Point Energy (CPG), MEG Energy (MEG), Vermilion Energy (VET), GMP Capital Inc. (GMP.TO) (GMP), Mainstreet Equity (MEQ), Great Bear Resources (GBR), NuVista Energy (NVA), Cairn Energy (CNE), Seplat Petroleum Development (SEPL), Serica Energy (SQZ), Athabasca Oil (ATH), Ophir Energy (OPHR), Genel Energy (GENL) and Gran Tierra Energy (GTE).
View all of POU's competitors.

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), Wheaton Precious Metals (WPM), Rogers Communications (RCI), The Toronto-Dominion Bank (TD) and Open Text (OTEX).

What is Paramount Resources' stock symbol?

Paramount Resources trades on the Toronto Stock Exchange (TSX) under the ticker symbol "POU."

How do I buy shares of Paramount Resources?

Shares of POU 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.

What is Paramount Resources' stock price today?

One share of POU stock can currently be purchased for approximately C$16.06.

How much money does Paramount Resources make?

Paramount Resources has a market capitalization of C$2.13 billion and generates C$695.56 million in revenue each year.

How many employees does Paramount Resources have?

Paramount Resources employs 497 workers across the globe.

What is Paramount Resources' official website?

The official website for Paramount Resources is www.paramountres.com.

Where are Paramount Resources' headquarters?

Paramount Resources is headquartered at 888 3 St SW Suite 4700, CALGARY, AB T2P 5C5, Canada.

How can I contact Paramount Resources?

Paramount Resources' mailing address is 888 3 St SW Suite 4700, CALGARY, AB T2P 5C5, Canada. The company can be reached via phone at +1-403-2903600.

This page was last updated on 8/3/2021 by MarketBeat.com Staff

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