DB:PQ51

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Paramount Resources

Executive Summary

Paramount Resources Ltd., an independent energy company, explores for, develops, produces, and markets natural gas, crude oil, and natural gas liquids in Canada.


Snowflake Analysis

Imperfect balance sheet and overvalued.

Share Price & News

How has Paramount Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PQ51's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-5.1%

PQ51

1.9%

DE Oil and Gas

2.0%

DE Market


1 Year Return

-78.0%

PQ51

12.7%

DE Oil and Gas

-2.6%

DE Market

Return vs Industry: PQ51 underperformed the German Oil and Gas industry which returned 11.4% over the past year.

Return vs Market: PQ51 underperformed the German Market which returned -4.5% over the past year.


Shareholder returns

PQ51IndustryMarket
7 Day-5.1%1.9%2.0%
30 Day2.8%1.1%8.4%
90 Day-60.0%-20.1%-7.3%
1 Year-78.0%-78.0%16.0%12.7%-1.0%-2.6%
3 Year-91.4%-91.4%-12.2%-20.5%-6.6%-13.9%
5 Year-95.1%-95.1%141.8%107.3%1.1%-11.7%

Price Volatility Vs. Market

How volatile is Paramount Resources's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Paramount Resources undervalued compared to its fair value and its price relative to the market?

0.14x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate PQ51's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate PQ51's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: PQ51 is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.

PE vs Market: PQ51 is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PQ51's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PQ51 is good value based on its PB Ratio (0.1x) compared to the DE Oil and Gas industry average (0.9x).


Next Steps

Future Growth

How is Paramount Resources forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

18.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PQ51 is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: PQ51 is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: PQ51 is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: PQ51's revenue is expected to decline over the next 3 years (-5.4% per year).

High Growth Revenue: PQ51's revenue is forecast to decline over the next 3 years (-5.4% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if PQ51's Return on Equity is forecast to be high in 3 years time


Next Steps

  • Explore growth companies in the Energy industry.

Past Performance

How has Paramount Resources performed over the past 5 years?

2.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PQ51 is currently unprofitable.

Growing Profit Margin: PQ51 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PQ51 is unprofitable, but has reduced losses over the past 5 years at a rate of 2.7% per year.

Accelerating Growth: Unable to compare PQ51's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PQ51 is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-5.1%).


Return on Equity

High ROE: PQ51 has a negative Return on Equity (-14.35%), as it is currently unprofitable.


Next Steps

Financial Health

How is Paramount Resources's financial position?


Financial Position Analysis

Short Term Liabilities: PQ51's short term assets (CA$127.2M) do not cover its short term liabilities (CA$238.1M).

Long Term Liabilities: PQ51's short term assets (CA$127.2M) do not cover its long term liabilities (CA$1.1B).


Debt to Equity History and Analysis

Debt Level: PQ51's debt to equity ratio (39.8%) is considered satisfactory.

Reducing Debt: PQ51's debt to equity ratio has reduced from 117.4% to 39.8% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: PQ51 has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: PQ51 has less than a year of cash runway if free cash flow continues to grow at historical rates of 22.4% each year.


Next Steps

Dividend

What is Paramount Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate PQ51's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate PQ51's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PQ51's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PQ51's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PQ51's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.5yrs

Average management tenure


CEO

Jim Riddell (52yo)

5yrs

Tenure

CA$1,815,460

Compensation

Mr. James H. T. Riddell, also known as Jim, BSc, MSc (Geology), has been the Chairman, President & Chief Executive Officer at Paramount Resources Ltd. since 2018. He was President and Chief Operating Offic ...


CEO Compensation Analysis

Compensation vs Market: Jim's total compensation ($USD1.29M) is above average for companies of similar size in the German market ($USD759.94K).

Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
James H. Riddell
Chairman5yrsCA$1.82m1.08% CA$1.7m
David Reid
Executive Vice President of Operations2.5yrsCA$596.37k0.012% CA$18.4k
E. Shier
General Counsel11.33yrsCA$627.10k0.012% CA$18.1k
Rodrigo Sousa
Executive Vice President of Corporate Development & Planning2.42yrsCA$640.46k0.055% CA$84.6k
Bernard Lee
Executive Vice President of Financeno dataCA$713.74k0.23% CA$349.2k
Paul Kinvig
Chief Financial Officerno datano data0.028% CA$42.7k
Michael Han
Vice President of Information Services & Corporate Services2.42yrsno data0.0061% CA$9.4k
Phillip Tahmazian
Vice President of Midstream & Marketing2.5yrsno data0.0079% CA$12.2k
John Williams
Executive Vice President of Kaybob Regionno dataCA$564.82k0.084% CA$128.9k
William Roach
Chief Executive Officer of Pixar and President of Pixar8.5yrsno datano data

2.5yrs

Average Tenure

61yo

Average Age

Experienced Management: PQ51's management team is considered experienced (2.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
James H. Riddell
Chairman5yrsCA$1.82m1.08% CA$1.7m
Wilfred Gobert
Independent Director2.67yrsCA$70.00k0.016% CA$24.2k
John Gorman
Independent Director18.33yrsCA$83.75k0.0092% CA$14.2k
Dirk Jungé
Independent Director20.33yrsCA$80.00k0.018% CA$27.5k
Susan L. Rose
Non-Independent Director20.33yrsCA$70.00k0.28% CA$438.2k
Robert MacDonald
Independent Director2.67yrsCA$70.00k0.0093% CA$14.4k
Roderick MacLeod
Lead Independent Directorno dataCA$91.25k0.0069% CA$10.6k
James Geral Bell
Independent Director8.5yrsCA$80.00k0.0078% CA$12.1k

8.5yrs

Average Tenure

65yo

Average Age

Experienced Board: PQ51's board of directors are considered experienced (8.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: PQ51 insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.5%.


Top Shareholders

Company Information

Paramount Resources Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Paramount Resources Ltd.
  • Ticker: PQ51
  • Exchange: DB
  • Founded: 1976
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: CA$234.848m
  • Listing Market Cap: CA$154.199m
  • Shares outstanding: 134.20m
  • Website: https://www.paramountres.com

Number of Employees


Location

  • Paramount Resources Ltd.
  • TD Canada Trust Tower
  • Suite 2800
  • Calgary
  • Alberta
  • T2P 4K9
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
POUTSX (The Toronto Stock Exchange)YesClass A Common SharesCACADSep 1982
PQ51DB (Deutsche Boerse AG)YesClass A Common SharesDEEURSep 1982
PRMR.FOTCPK (Pink Sheets LLC)YesClass A Common SharesUSUSDSep 1982

Biography

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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/27 02:40
End of Day Share Price2020/05/26 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.