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How to buy Paramount Resources stock in Canada | $19.63

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Paramount Resources Historical Pricing See Current Price Now

Paramount Resources Ltd is an oil & gas e&p business based in Canada. Paramount Resources shares (POU) are listed on the TO and all prices are listed in Canadian Dollars. Paramount Resources employs 497 staff and has a trailing 12-month revenue of around CADC$860.7 million.

How to buy shares in Paramount Resources

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – POU – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

Is it a good time to buy Paramount Resources stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

How has Coronavirus impacted Paramount Resources's stock price?

Since the stock market crash in March caused by coronavirus, Paramount Resources's stock price has had significant positive movement.

Its last market close was C$19.63, which is 73.51% up on its pre-crash value of C$5.2 and 2,323.46% up on the lowest point reached during the March crash when the stocks fell as low as C$0.81.

If you had bought C$1,000 worth of Paramount Resources stocks at the start of February 2020, those stocks would have been worth C$175.68 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth C$3,315.90.

Paramount Resources stock price

Use our graph to track the performance of POU stocks over time.

Paramount Resources shares at a glance

Information last updated 2021-10-13.
Latest market closeC$19.63
52-week rangeC$2.13 - C$20.68
50-day moving average C$16.45
200-day moving average C$14.36
Wall St. target priceC$22.63
PE ratio 19.4534
Dividend yield C$0.02 (0.1%)
Earnings per share (TTM) C$0.99

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Paramount Resources price performance over time

Historical closes compared with the close of C$19.63 from 2021-10-20

1 week (2021-10-14) -1.60%
1 month (2021-09-21) 25.03%
3 months (2021-07-21) 18.25%
6 months (2021-04-21) 105.12%
1 year (2020-10-21) 666.80%
2 years (2019-10-21) 271.78%
3 years (2018-10-19) 64.13%
5 years (2016-10-21) 13.14%

Is Paramount Resources under- or over-valued?

Valuing Paramount Resources stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Paramount Resources's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Paramount Resources's P/E ratio

Paramount Resources's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 19x. In other words, Paramount Resources shares trade at around 19x recent earnings.

Paramount Resources's EBITDA

Paramount Resources's EBITDA (earnings before interest, taxes, depreciation and amortisation) is C$73.8 million.

The EBITDA is a measure of a Paramount Resources's overall financial performance and is widely used to measure a its profitability.

Paramount Resources financials

Revenue TTM C$860.7 million
Operating margin TTM 10.74%
Gross profit TTM C$196.4 million
Return on assets TTM 1.72%
Return on equity TTM 6.95%
Profit margin 15.26%
Book value C$15.24
Market capitalisation C$2.6 billion

TTM: trailing 12 months

Shorting Paramount Resources shares

There are currently 1.9 million Paramount Resources shares held short by investors – that's known as Paramount Resources's "short interest". This figure is 3.2% down from 2.0 million last month.

There are a few different ways that this level of interest in shorting Paramount Resources shares can be evaluated.

Paramount Resources's "short interest ratio" (SIR)

Paramount Resources's "short interest ratio" (SIR) is the quantity of Paramount Resources shares currently shorted divided by the average quantity of Paramount Resources shares traded daily (recently around 292722.35649547). Paramount Resources's SIR currently stands at 6.62. In other words for every 100,000 Paramount Resources shares traded daily on the market, roughly 6620 shares are currently held short.

However Paramount Resources's short interest can also be evaluated against the total number of Paramount Resources shares, or, against the total number of tradable Paramount Resources shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Paramount Resources's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Paramount Resources shares in existence, roughly 10 shares are currently held short) or 0.0265% of the tradable shares (for every 100,000 tradable Paramount Resources shares, roughly 27 shares are currently held short).

A SIR below 10% would generally be considered to indicate a fairly optimistic outlook for the share price, with fewer people currently willing to bet against Paramount Resources.

Paramount Resources share dividends

6%

Dividend payout ratio: 6% of net profits

Recently Paramount Resources has paid out, on average, around 6% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.2% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Paramount Resources shareholders could enjoy a 1.2% return on their shares, in the form of dividend payments. In Paramount Resources's case, that would currently equate to about C$0.02 per share.

While Paramount Resources's payout ratio might seem low, this can signify that Paramount Resources is investing more in its future growth.

Paramount Resources's most recent dividend payout was on 29 October 2021. The latest dividend was paid out to all shareholders who bought their shares by 14 October 2021 (the "ex-dividend date").

Have Paramount Resources's shares ever split?

Paramount Resources's shares were split on a 1066:1000 basis on 5 January 2017. So if you had owned 1000 shares the day before before the split, the next day you'd have owned 1066 shares. This wouldn't directly have changed the overall worth of your Paramount Resources shares – just the quantity. However, indirectly, the new 6.2% lower share price could have impacted the market appetite for Paramount Resources shares which in turn could have impacted Paramount Resources's share price.

Paramount Resources share price volatility

Over the last 12 months, Paramount Resources's shares have ranged in value from as little as C$2.1318 up to C$20.68. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (TO average) beta is 1, while Paramount Resources's is 4.1491. This would suggest that Paramount Resources's shares are significantly more volatile than the average for this exchange and represent a higher risk.

Paramount Resources overview

Paramount Resources Ltd. , an independent energy company, explores for, develops, produces, and markets natural gas, crude oil, and natural gas liquids in Canada. The company's principal properties are the Montney and Duvernay developments located in Alberta and British Columbia. It also invests in public and private corporations. The company was founded in 1976 and is based in Calgary, Canada. .

Frequently asked questions

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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