Paramount Resources Stock Today
| POU Stock | CAD 28.81 0.14 0.48% |
Performance8 of 100
| Odds Of DistressLess than 4
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Paramount Resources is selling at 28.81 as of the 18th of April 2024; that is -0.48 percent decrease since the beginning of the trading day. The stock's open price was 28.95. Paramount Resources has only four percent chance of going through some form of financial distress over the next 2 years but had a somewhat ok performance during the last 90 days. Equity ratings for Paramount Resources are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of April 2023 and ending today, the 18th of April 2024. Click here to learn more.
Business Domain Energy |
Paramount Resources Ltd., an independent energy company, explores for, develops, produces, and markets natural gas, crude oil, and natural gas liquids in Canada. Paramount Resources Ltd. was founded in 1976 and is based in Calgary, Canada. PARAMOUNT RESOURCES operates under Oil Gas EP classification in Canada and is traded on Toronto Stock Exchange. The company has 144.4 M outstanding shares of which 1.48 M shares are at this time shorted by private and institutional investors with about 4.6 days to cover all short positions. More on Paramount Resources
Moving together with Paramount Stock
| 0.63 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.64 | ENB-PFU | Enbridge Pref L | PairCorr |
Moving against Paramount Stock
| 0.54 | FLOW | Flow Beverage Corp | PairCorr |
| 0.44 | VMY-H | Voice Mobility Inter | PairCorr |
Follow Valuation Profit Patterns Odds of Bankruptcy
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Paramount Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Paramount Resources' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Paramount Resources or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman | James Riddell | ||||
| Business Concentration | Oil & Gas Exploration & Production, Oil & Gas E&P, Energy, Energy, Oil, Gas & Consumable Fuels, Oil & Gas E&P, Energy (View all Sectors) | ||||
Paramount Resources' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Paramount Resources' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Paramount Resources' financial leverage. It provides some insight into what part of Paramount Resources' total assets is financed by creditors.
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Paramount Resources (POU) is traded on Toronto Exchange in Canada and employs 579 people. Paramount Resources is listed under Oil & Gas Exploration & Production category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 4.18 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Paramount Resources's market, we take the total number of its shares issued and multiply it by Paramount Resources's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Paramount Resources operates under Oil, Gas & Consumable Fuels sector and is part of Energy industry. The entity has 144.4 M outstanding shares of which 1.48 M shares are at this time shorted by private and institutional investors with about 4.6 days to cover all short positions.
Paramount Resources has accumulated about 0 in cash with 938.2 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01.
Check Paramount Resources Probability Of Bankruptcy
Ownership AllocationParamount Resources has a total of 144.4 Million outstanding shares. Paramount Resources has significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Paramount Ownership Details
Paramount Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Paramount Resources jumping above the current price in 90 days from now is about 15.12%. The Paramount Resources probability density function shows the probability of Paramount Resources stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Paramount Resources has a beta of 0.4133 indicating as returns on the market go up, Paramount Resources average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Paramount Resources will be expected to be much smaller as well. Additionally, paramount Resources has an alpha of 0.1524, implying that it can generate a 0.15 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Paramount Resources to move above the current price in 90 days from now is about 15.12 (This Paramount Resources probability density function shows the probability of Paramount Stock to fall within a particular range of prices over 90 days) .
Paramount Resources Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Paramount Resources market risk premium is the additional return an investor will receive from holding Paramount Resources long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Paramount Resources. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Paramount Resources' alpha and beta are two of the key measurements used to evaluate Paramount Resources' performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.33 | |||
| Semi Deviation | 2.67 | |||
| Standard Deviation | 2.21 | |||
| Variance | 4.88 |
Paramount Stock Against Markets
Picking the right benchmark for Paramount Resources stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Paramount Resources stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Paramount Resources is critical whether you are bullish or bearish towards Paramount Resources at a given time. Please also check how Paramount Resources' historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Paramount Resources without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Paramount Resources Corporate Directors
Paramount Resources corporate directors refer to members of a Paramount Resources board of directors. The board of directors generally takes responsibility for the Paramount Resources' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Paramount Resources' board members must vote for the resolution. The Paramount Resources board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| John Gorman | Independent Director | Profile | |
| Dirk Junge | Independent Director | Profile | |
| John Roy | Lead Independent Director | Profile | |
| Thomas Claugus | Independent Director | Profile |
How to buy Paramount Stock?
Before investing in Paramount Resources, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Paramount Resources. To buy Paramount Resources stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Paramount Resources. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Paramount Resources stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Paramount Resources stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Paramount Resources stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Paramount Resources, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Paramount Resources?
The danger of trading Paramount Resources is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Paramount Resources is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Paramount Resources. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Paramount Resources is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Paramount Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Complementary Tools for Paramount Stock analysis
When running Paramount Resources' price analysis, check to measure Paramount Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Paramount Resources is operating at the current time. Most of Paramount Resources' value examination focuses on studying past and present price action to predict the probability of Paramount Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Paramount Resources' price. Additionally, you may evaluate how the addition of Paramount Resources to your portfolios can decrease your overall portfolio volatility.
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