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TSE:POU

Paramount Resources - POU Stock Forecast, Price & News

C$28.86
+0.34 (+1.19%)
(As of 08/17/2022 05:19 PM ET)
Add
Compare
Today's Range
C$28.30
C$29.15
50-Day Range
C$26.07
C$39.97
52-Week Range
C$11.97
C$40.73
Volume
192,219 shs
Average Volume
469,749 shs
Market Capitalization
C$4.08 billion
P/E Ratio
12.03
Dividend Yield
4.21%
Price Target
C$39.80

Paramount Resources MarketRank™ Forecast

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
38.4% Upside
C$39.80 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
C$593,666 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.

2.65 out of 5 stars

POU stock logo

About Paramount Resources (TSE:POU) Stock

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.

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POU Stock News Headlines

Paramount Resources (TSE:POU) Price Target Cut to C$42.00
Paramount Resources (TSE:POU) Shares Down 6.3%
Paramount Resources Ltd stock reduced on Tuesday.
Paramount Resources Ltd stock boosted on Friday.
Paramount Resources Ltd stock dipped on Wednesday.
Paramount Resources Ltd stock dipped on Monday.
Paramount Resources Ltd stock boosted on Tuesday.
Paramount Resources Ltd stock advanced on Tuesday.
Paramount Resources Ltd stock eased on Thursday.
Paramount Resources Ltd stock shrank on Friday.
Paramount Resources: Becoming Traditional
PARAMOUNT RESOURCES LTD. ANNOUNCES FEBRUARY DIVIDEND
Paramount Resources Jumps 10% After Dividend Boost
Paramount Resources Ltd. Announces December Dividend
See More Headlines
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POU Company Calendar

Ex-Dividend for 7/29 Dividend
7/14/2022
Dividend Payable
7/29/2022
Last Earnings
8/03/2022
Ex-Dividend for 8/31 Dividend
8/12/2022
Today
8/17/2022
Dividend Payable
8/31/2022
Next Earnings (Estimated)
11/03/2022

Industry, Sector and Symbol

Industry
Independent Oil & Gas
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
475
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$39.80
High Stock Price Forecast
C$46.00
Low Stock Price Forecast
C$30.00
Forecasted Upside/Downside
+37.9%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
7 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$1.63 billion
Cash Flow
C$0.01 per share
Book Value
C$20.47 per share

Miscellaneous

Free Float
N/A
Market Cap
C$4.08 billion
Optionable
Not Optionable
Beta
N/A

Key Executives

  • Mr. James H. T. Riddell BSc (Age 55)
    MSc (Geology), Chairman, Pres & CEO
    Comp: $379.7k
  • Mr. Paul Robert Kinvig
    Chief Financial Officer
  • Mr. David Blake Reid
    Exec. VP of Operations
  • 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. E. Mitchell Shier LL.B (Age 64)
    LL.M, Gen. Counsel & VP of Land
  • Mr. Mark Gordon Franko
    Gen. Counsel & Corp. Sec.
  • Mr. Phillip G. Tahmazian
    VP of Midstream & Marketing
  • Mr. John B. Williams
    Exec. VP of Kaybob Region
  • Dr. William J. F. Roach (Age 65)
    Chief Exec. Officer of Pixar and Pres of Pixar













POU Stock - Frequently Asked Questions

Should I buy or sell Paramount Resources stock right now?

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

What is Paramount Resources' stock price forecast for 2022?

7 brokers have issued 12 month price objectives for Paramount Resources' shares. Their POU share price forecasts range from C$30.00 to C$46.00. On average, they anticipate the company's share price to reach C$39.80 in the next year. This suggests a possible upside of 39.6% 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 2022?

Paramount Resources' stock was trading at C$24.59 at the start of the year. Since then, POU stock has increased by 16.0% and is now trading at C$28.52.
View the best growth stocks for 2022 here
.

When is Paramount Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our POU earnings forecast
.

How were Paramount Resources' earnings last quarter?

Paramount Resources Ltd. (TSE:POU) posted its earnings results on Wednesday, August, 3rd. The company reported $1.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.09 by $0.15. The company earned $536.20 million during the quarter.

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

Paramount Resources declared a monthly dividend on Friday, August 12th. Shareholders of record on Wednesday, August 31st will be given a dividend of 0.10 per share on Wednesday, August 31st. This represents a $1.20 annualized dividend and a dividend yield of 4.21%. The ex-dividend date of this dividend is Friday, August 12th.
Read our dividend analysis for POU
.

Is Paramount Resources a good dividend stock?

Paramount Resources (TSE:POU) pays an annual dividend of C$0.76 per share and currently has a dividend yield of 4.18%. POU has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 31.67%. 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), Wheaton Precious Metals (WPM), Rogers Communications (RCI), 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 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.

What is Paramount Resources' stock price today?

One share of POU stock can currently be purchased for approximately C$28.52.

How much money does Paramount Resources make?

Paramount Resources (TSE:POU) has a market capitalization of C$4.03 billion and generates C$1.63 billion in revenue each year.

How many employees does Paramount Resources have?

The company employs 475 workers across the globe.

How can I contact Paramount Resources?

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

This page (TSE:POU) was last updated on 8/17/2022 by MarketBeat.com Staff

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