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

Shares of POU Stock opened at C$28.52 on Wednesday. Paramount Resources has a 12 month low of C$11.97 and a 12 month high of C$40.73. The company has a debt-to-equity ratio of 8.16, a current ratio of 0.40 and a quick ratio of 0.36. The firm has a market capitalization of C$4.03 billion and a P/E ratio of 11.88. The company's fifty day moving average price is C$30.32 and its two-hundred day moving average price is C$30.43.

Paramount Resources (TSE:POU - Get Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported C$1.24 EPS for the quarter, topping analysts' consensus estimates of C$1.09 by C$0.15. The firm had revenue of C$536.20 million during the quarter. On average, research analysts anticipate that Paramount Resources will post 7.2199996 earnings per share for the current fiscal year.

Paramount Resources Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Wednesday, August 31st will be given a $0.10 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.21%. The ex-dividend date is Friday, August 12th. Paramount Resources's payout ratio is currently 31.67%.

Analyst Ratings Changes

Several analysts have commented on POU shares. CIBC lowered their target price on shares of Paramount Resources from C$50.00 to C$40.00 in a research note on Wednesday, July 13th. BMO Capital Markets decreased their price target on shares of Paramount Resources from C$45.00 to C$42.00 in a report on Thursday, August 4th. Cormark lifted their price target on shares of Paramount Resources from C$38.00 to C$46.00 and gave the company a "buy" rating in a report on Thursday, May 5th. National Bankshares decreased their price target on shares of Paramount Resources from C$50.00 to C$45.00 and set an "outperform" rating on the stock in a report on Monday, July 18th. Finally, Raymond James lifted their price target on shares of Paramount Resources from C$40.00 to C$45.00 and gave the company an "outperform" rating in a report on Tuesday, July 5th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Paramount Resources currently has a consensus rating of "Hold" and an average target price of C$39.80.

Insider Transactions at Paramount Resources

In related news, Senior Officer Bernard K. Lee bought 15,000 shares of the company's stock in a transaction dated Wednesday, June 22nd. The stock was bought at an average price of C$31.00 per share, with a total value of C$465,000.00. Following the transaction, the insider now owns 259,604 shares of the company's stock, valued at C$8,047,724. In related news, Senior Officer Phillip G. Tahmazian sold 7,000 shares of the business's stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of C$39.81, for a total transaction of C$278,665.80. Following the completion of the sale, the insider now owns 8,128 shares of the company's stock, valued at approximately C$323,570.80. Also, Senior Officer Bernard K. Lee acquired 15,000 shares of the stock in a transaction that occurred on Wednesday, June 22nd. The shares were acquired at an average cost of C$31.00 per share, with a total value of C$465,000.00. Following the transaction, the insider now owns 259,604 shares in the company, valued at C$8,047,724.