Shares of Paramount Resources Ltd. (TSE:POU – Get Free Report) have received a consensus rating of “Moderate Buy” from the eleven research firms that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$37.25.
Several analysts recently issued reports on the stock. CIBC upped their price target on shares of Paramount Resources from C$37.00 to C$38.00 in a report on Monday, July 15th. Scotiabank boosted their target price on shares of Paramount Resources from C$42.00 to C$43.00 in a research note on Friday, July 12th. Cibc World Mkts upgraded shares of Paramount Resources from a “hold” rating to a “strong-buy” rating in a research report on Thursday. BMO Capital Markets upped their price target on shares of Paramount Resources from C$38.50 to C$40.00 in a research report on Wednesday, July 3rd. Finally, Jefferies Financial Group lowered their price target on shares of Paramount Resources from C$36.00 to C$29.00 and set a “buy” rating for the company in a research report on Monday, September 16th.
View Our Latest Stock Report on Paramount Resources
Paramount Resources Trading Up 0.1 %
Paramount Resources (TSE:POU – Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The company reported C$0.57 earnings per share (EPS) for the quarter. The firm had revenue of C$443.60 million for the quarter, compared to analysts’ expectations of C$468.00 million. Paramount Resources had a net margin of 19.66% and a return on equity of 10.03%. As a group, research analysts expect that Paramount Resources will post 1.4075758 EPS for the current fiscal year.
Paramount Resources Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be issued a $0.15 dividend. This represents a $1.80 annualized dividend and a yield of 6.75%. The ex-dividend date is Tuesday, October 15th. Paramount Resources’s payout ratio is currently 76.27%.
About Paramount Resources
Paramount Resources Ltd. explores for and develops conventional and unconventional petroleum and natural gas reserves and resources in Canada. The company holds interests in the Karr and Wapiti Montney properties covering an area of 109,000 net acres located south of the city of Grande Prairie, Alberta; Kaybob North Duvernay development and natural gas producing properties covering an area of 124,000 net acres located in west-central Alberta; and Willesden Green Duvernay development in central Alberta and shale gas producing properties in the Horn River Basin in northeast British Columbia covering an area of 249,000 net acres.
See Also
- Five stocks we like better than Paramount Resources
- Following Congress Stock Trades
- Is Spotify Stock Poised to Soar? Options Traders Think So
- What is a Death Cross in Stocks?
- Misses and Beats: 3 Stocks That Are Moving Markets Right Now
- How to buy stock: A step-by-step guide for beginners
- Cisco on the Rise: AI Potential and Analyst Upgrades Drive Gains
Receive News & Ratings for Paramount Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paramount Resources and related companies with MarketBeat.com's FREE daily email newsletter.