About Paramount Resources TEC Ltd (TSE:TET)
Paramount Resources TEC Ltd, formerly Trilogy Energy Corp, is a Canada-based petroleum and natural gas-focused energy company. The Company acquires, develops, produces and sells natural gas, crude oil and natural gas liquids. The Company's oil and gas properties are located in the Kaybob area and Grande Prairie area of Alberta. Its Kaybob area properties include Kaybob Montney Oil Pool Development, Presley Montney Gas Development, Duvernay Shale Oil and Gas Development, Gething Oil Development and Dunvegan Oil Play. The Company's annual production from the Kaybob area is approximately 26,190 barrels of oil equivalent per day (Boe/d). The Company's annual production from the Grande Prairie area is approximately 1,580 Boe/d. Its undeveloped land base consists of approximately 525,280 gross acres of undeveloped lands, with multi-zone development potential.
Industry, Sector and Symbol:
- Sector: Basic Materials
- Industry: Independent Oil & Gas
- Sub-Industry: N/A
- Symbol: TSE:TET
- CUSIP: N/A
- Web: www.paramountres.com/
- Market Cap: C$782.02 million
- Outstanding Shares: 126,133,000
- 50 Day Moving Avg: C$5.59
- 200 Day Moving Avg: C$5.09
- 52 Week Range: C$4.30 - C$8.33
Sales & Book Value:
- Trailing P/E Ratio: N/A
- P/E Growth: 0.00
- Annual Revenue: C$231.7 million
- Price / Sales: 3.38
- Book Value: C$3.16 per share
- Price / Book: 1.96
- EBITDA: C$142.83 million
- Net Margins: 43.59%
- Return on Equity: 25.86%
- Return on Assets: 8.43%
- Average Volume: 240,322 shs.
- Short Ratio: 0.99
Frequently Asked Questions for Paramount Resources TEC Ltd (TSE:TET)
What is Paramount Resources TEC Ltd's stock symbol?
Paramount Resources TEC Ltd trades on the Tornton Stock Exchange (TSX) under the ticker symbol "TET."
How were Paramount Resources TEC Ltd's earnings last quarter?
Paramount Resources TEC Ltd (TSE:TET) announced its earnings results on Thursday, November, 6th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.05. The firm earned $153.86 million during the quarter. Paramount Resources TEC Ltd had a return on equity of 25.86% and a net margin of 43.59%. View Paramount Resources TEC Ltd's Earnings History.
When will Paramount Resources TEC Ltd make its next earnings announcement?
Where is Paramount Resources TEC Ltd's stock going? Where will Paramount Resources TEC Ltd's stock price be in 2017?
6 equities research analysts have issued 12-month target prices for Paramount Resources TEC Ltd's stock. Their predictions range from C$5.00 to C$10.50. On average, they expect Paramount Resources TEC Ltd's stock price to reach C$6.71 in the next twelve months. View Analyst Ratings for Paramount Resources TEC Ltd.
Who are some of Paramount Resources TEC Ltd's key competitors?
Some companies that are related to Paramount Resources TEC Ltd include Ultra Petroleum Corp (UPL), Advantage Oil & Gas (AAV), Nuvista Energy Ltd (NVA), Kelt Exploration Ltd (KEL), Spartan Energy Corp (SPE), Gran Tierra Energy (GTE), Baytex Energy Corp (BTE), Pengrowth Energy Corp (PGF), Bonavista Energy Corp (BNP), Bonanza Creek Energy (BCEI), Calfrac Well Services Ltd (CFW), Crew Energy (CR), Stone Energy Corporation (SGY), Athabasca Oil Corp (ATH), Gluskin Sheff + Associates (GS), Cardinal Energy Ltd (CJ), Surge Energy (SGY) and Surge Energy (SGY).
Who are Paramount Resources TEC Ltd's key executives?
Paramount Resources TEC Ltd's management team includes the folowing people:
- Clayton H. Riddell, Non-Independent Chairman of the Board
- John B. Williams, President, Chief Operating Officer
- James H. T. Riddell, Chief Executive Officer, Non-Independent Director
- Michael G. Kohut, Chief Financial Officer
- Gail L. Yester, General Counsel, Corporate Secretary
- Donald F. Textor, Lead Independent Director
- E. Mitchell Shier, Non-Independent Director
- Wilfred A. Gobert, Independent Director
- Robert A. MacDonald, Independent Director
- R. Keith MacLeod, Independent Director
How do I buy Paramount Resources TEC Ltd stock?
Shares of Paramount Resources TEC Ltd and other Canadian stocks can be purchased through online brokerage accounts that support trading on the Toronto Stock Exchange (TSX). Brokers that permit trading on the TSX include Fidelity, Interactive Brokers, PennTrade and Charles Schwab.
What is Paramount Resources TEC Ltd's stock price today?
MarketBeat Community Rating for Paramount Resources TEC Ltd (TSE TET)MarketBeat's community ratings are surveys of what our community members think about Paramount Resources TEC Ltd and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Paramount Resources TEC Ltd stock can currently be purchased for approximately C$6.20.
Consensus Ratings for Paramount Resources TEC Ltd (TSE:TET) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 4 Hold Ratings, 1 Buy Rating|
|Consensus Rating:||Hold (Score: 2.00)|
|Consensus Price Target: ||C$6.71|Consensus Price Target History for Paramount Resources TEC Ltd (TSE:TET)
Analysts' Ratings History for Paramount Resources TEC Ltd (TSE:TET)
(Data available from 10/18/2015 forward)
|8/3/2017||National Bank Financial||Boost Price Target||Tender||C$5.00 -> C$5.33|
|7/20/2017||Royal Bank Of Canada||Lower Price Target||C$7.00 -> C$5.00|
|7/10/2017||Scotiabank||Downgrade||Sector Perform -> Tender||C$6.00|
|7/7/2017||Laurentian Bank of Canada||Boost Price Target||C$7.00 -> C$8.00|
|5/29/2017||TD Securities||Boost Price Target||Hold||C$5.50 -> C$6.00|
|5/9/2017||Raymond James Financial, Inc.||Boost Price Target||Outperform||C$10.00 -> C$10.50|
|5/9/2017||BMO Capital Markets||Boost Price Target||Market Perform||C$4.75 -> C$5.00|
|3/10/2017||GMP Securities||Lower Price Target||C$7.75 -> C$7.25|
|1/18/2017||Barclays PLC||Boost Price Target||Underweight||C$6.00 -> C$7.00|
|8/8/2016||FirstEnergy Capital||Boost Price Target||Market Perform||C$5.00 -> C$6.00|
|6/15/2016||CIBC||Initiated Coverage||Sector Perform||C$5.25|
|6/8/2016||Beacon Securities||Reiterated Rating||Buy|
|4/4/2016||Dundee Securities||Boost Price Target||C$4.00 -> C$4.25|
|3/4/2016||AltaCorp Capital||Lower Price Target||Sector Perform||C$6.00 -> C$4.00|
|1/28/2016||Credit Suisse Group||Lower Price Target||C$3.50 -> C$2.50|
Earnings History for Paramount Resources TEC Ltd (TSE:TET)Earnings History by Quarter for Paramount Resources TEC Ltd (TSE TET)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
Earnings Estimates for Paramount Resources TEC Ltd (TSE:TET)
2017 EPS Consensus Estimate: ($0.21)
2018 EPS Consensus Estimate: ($0.23)
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History by Quarter for Paramount Resources TEC Ltd (TSE TET)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Paramount Resources TEC Ltd (TSE:TET)Insider Trades by Quarter for Paramount Resources TEC Ltd (TSE:TET)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|1/13/2016||Donald F Textor||Director||Buy||100,000||C$2.64||C$264,030.00|
|12/18/2015||John B Williams||Insider||Buy||30,000||C$3.28||C$98,487.00|
|12/15/2015||Clayton H Riddell||Director||Buy||460,000||C$3.43||C$1,578,168.00|
|12/11/2015||Clayton H Riddell||Director||Buy||1,000||C$3.45||C$3,449.50|
|11/20/2015||Robert M Macdonald||Director||Sell||6,000||C$4.11||C$24,661.80|
|8/14/2015||Robert M Macdonald||Director||Buy||3,000||C$3.82||C$11,460.00|
|4/23/2015||Robert M Macdonald||Director||Sell||6,000||C$8.94||C$53,629.80|
|4/20/2015||Robert M Macdonald||Director||Sell||6,000||C$8.85||C$53,100.00|
|3/9/2015||John B Williams||Insider||Buy||10,000||C$7.15||C$71,450.00|
|1/22/2015||Clayton H Riddell||Director||Buy||250,000||C$5.66||C$1,416,150.00|
|1/20/2015||Clayton H Riddell||Director||Buy||200,000||C$6.44||C$1,288,760.00|
|1/8/2015||Clayton H Riddell||Director||Buy||150,000||C$7.14||C$1,070,340.00|
|1/7/2015||John B Williams||Insider||Buy||10,000||C$6.78||C$67,803.00|
|12/11/2014||Robert M Macdonald||Director||Buy||1,000||C$7.65||C$7,650.00|
Headline Trends for Paramount Resources TEC Ltd (TSE:TET)
Latest Headlines for Paramount Resources TEC Ltd (TSE:TET)
Paramount Resources TEC Ltd (TET) Chart for Wednesday, October, 18, 2017