Paramount Resources Ltd. (TSE:POU) Given Consensus Rating of “Hold” by Analysts

Paramount Resources Ltd. (TSE:POU) has earned a consensus recommendation of “Hold” from the four ratings firms that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$25.79.

Several research analysts have recently issued reports on the company. National Bankshares increased their price target on Paramount Resources from C$25.00 to C$27.50 and gave the stock a “sector perform” rating in a research note on Thursday, September 25th. Jefferies Financial Group increased their price target on Paramount Resources from C$21.00 to C$25.00 in a research note on Wednesday, July 23rd. Royal Bank Of Canada increased their price target on Paramount Resources from C$23.00 to C$26.00 and gave the stock a “sector perform” rating in a research note on Tuesday, September 23rd. Finally, CIBC increased their price target on Paramount Resources from C$25.00 to C$26.00 in a research note on Wednesday.

Paramount Resources Trading Down 0.3%

TSE:POU opened at C$21.88 on Friday. Paramount Resources has a 1 year low of C$14.33 and a 1 year high of C$32.83. The stock has a market cap of C$3.14 billion, a price-to-earnings ratio of 2.18, a PEG ratio of 0.14 and a beta of 0.49. The business has a fifty day moving average of C$21.22 and a 200-day moving average of C$19.98. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.68 and a current ratio of 0.62.

Paramount Resources Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 31st will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a c) annualized dividend and a yield of 2.7%. Paramount Resources’s dividend payout ratio (DPR) is currently 11.94%.

About Paramount Resources

Paramount Resources Ltd is a Canadian energy company that explores, develops, produces, and markets natural gas, crude oil, and natural gas liquids. The company takes part in exploration and production in Alberta and British Columbia. Sales for Paramount’s products are priced in a multitude of markets that span the United States and Canada.