Paramount Resources (POU) Stock Price, News & Analysis

Company Overview

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. The company was founded in 1976 and is based in Calgary, Canada.

Key Stats

• Today's Range: C$28.86 to C$29.57
• 50-Day Range: C$25.99 to C$31.49
• 52-Week Range: C$24.51 to C$33.06
• Volume: 646,793 shs
• Average Volume: 318,629 shs
• Market Capitalization: C$4.29 billion
• P/E Ratio: 12.39
• Dividend Yield: 6.16%
• Price Target: C$38.20
• Consensus Rating: Moderate Buy

Paramount Resources Stock Analysis - MarketRank™

Paramount Resources scored higher than 86% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Paramount Resources has received a consensus rating of Moderate Buy. The company's average rating score is 2.90, and is based on 7 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Paramount Resources has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Paramount Resources is 12.39, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.39.

Price to Earnings Ratio vs. Sector

The P/E ratio of Paramount Resources is 12.39, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 95.81.

Price to Earnings Growth Ratio

Paramount Resources has a PEG Ratio of 0.14. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Paramount Resources has a P/B Ratio of 1.17. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for POU.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Paramount Resources is a leading dividend payer. It pays a dividend yield of 6.46%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Paramount Resources does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Paramount Resources is 76.27%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for POU.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 0.64

News Sentiment

Paramount Resources has a news sentiment score of 0.64. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Energy companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Paramount Resources this week, compared to 2 articles on an average week.

Search Interest

2 people have searched for POU on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

MarketBeat Follows

4 people have added Paramount Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Paramount Resources insiders have bought 30.34% more of their company's stock than they have sold. Specifically, they have bought C$3,223,710.00 in company stock and sold C$2,473,384.00 in company stock.

Percentage Held by Insiders

45.36% of the stock of Paramount Resources is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 9.12% of the stock of Paramount Resources is held by institutions.

POU Stock Analysis - Frequently Asked Questions

How have POU shares performed this year?

Paramount Resources' stock was trading at C$25.93 on January 1st, 2024. Since then, POU stock has increased by 12.8% and is now trading at C$29.24.
View the best growth stocks for 2024 here.

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 other stocks do shareholders of Paramount Resources own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Paramount Resources investors own include Intact Financial (IFC), Constellation Software (CSU), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), Toronto-Dominion Bank (TD), AbbVie (ABBV) and Vermilion Energy (VET).

Company Calendar

• Ex-Dividend for 11/29 Dividend: 11/15/2024
• Dividend Payable: 11/29/2024
• Ex-Dividend for 12/31 Dividend: 12/16/2024
• Today: 12/21/2024
• Dividend Payable: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Energy
• Industry: Oil & Gas E&P
• Sub-Industry: Petroleum And Natural Gas
• Current Symbol: TSE:POU
• CUSIP: N/A
• CIK: N/A
• Web: www.paramountres.com
• Phone: +1-403-2903600
• Fax: N/A
• Employees: 579
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$38.20
• High Stock Price Target: C$44.00
• Low Stock Price Target: C$35.00
• Potential Upside/Downside: +30.6%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.90
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$2.36
• Trailing P/E Ratio: 12.39
• Forward P/E Ratio: 20.77
• P/E Growth: 0.14
• Net Income: C$351.80 million
• Net Margins: 19.66%
• Pretax Margin: N/A
• Return on Equity: 10.03%
• Return on Assets: 5.97%

Debt

• Debt-to-Equity Ratio: 0.83
• Current Ratio: 0.75
• Quick Ratio: 0.68

Sales & Book Value

• Annual Sales: C$1.79 billion
• Price / Sales: 2.40
• Cash Flow: C$0.06 per share
• Price / Cash Flow: 512.50
• Book Value: C$24.98 per share
• Price / Book: 1.17

Miscellaneous

• Outstanding Shares: 146,700,000
• Free Float: N/A
• Market Cap: C$4.29 billion
• Optionable: Not Optionable
• Beta: 3.04