Paramount Resources (TSE:POU) Announces Earnings Results

Paramount Resources (TSE:POU) posted its quarterly earnings results on Thursday. The company reported C($2.65) earnings per share for the quarter, FiscalAI reports. Paramount Resources had a return on equity of 4.30% and a net margin of 11.19%. The business had revenue of C$257.10 million for the quarter.

Paramount Resources Stock Down 2.7%

TSE POU opened at C$31.83 on Friday. Paramount Resources has a 52 week low of C$21.69 and a 52 week high of C$35.32. The company has a quick ratio of 0.68, a current ratio of 1.87 and a debt-to-equity ratio of 0.90. The business’s fifty day simple moving average is C$32.19 and its 200-day simple moving average is C$29.66. The firm has a market cap of C$4.64 billion, a PE ratio of 40.81, a P/E/G ratio of 0.14 and a beta of -0.07.

Paramount Resources Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 30th will be issued a dividend of $0.05 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Monday, November 16th. Paramount Resources’s payout ratio is currently 76.92%.

Wall Street Analyst Weigh In

A number of research firms have commented on POU. Scotia increased their price objective on shares of Paramount Resources from C$34.00 to C$36.00 and gave the company a “sector perform” rating in a report on Friday, August 7th. ATB Cormark Capital Markets boosted their target price on Paramount Resources from C$35.00 to C$37.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Royal Bank Of Canada boosted their target price on Paramount Resources from C$35.00 to C$37.00 and gave the stock a “sector perform” rating in a report on Friday, August 7th. Finally, BMO Capital Markets upped their price target on Paramount Resources from C$35.00 to C$37.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$34.35.

Paramount Resources Company Profile

Paramount is an independent, publicly traded Canadian energy company that explores for and develops both conventional and unconventional petroleum and natural gas, including longer-term strategic exploration and pre-development plays. The Company’s principal properties are located in Alberta and British Columbia. Paramount’s class A common shares are listed on the Toronto Stock Exchange under the symbol “POU”.