Paramount Resources Ltd. (TSE:POU) Director Dirk Jungé Acquires 3,000 Shares of Stock

Paramount Resources Ltd. (TSE:POU) Director Dirk Jungé acquired 3,000 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was purchased at an average price of C$15.63 per share, for a total transaction of C$46,876.32.

Paramount Resources Stock Performance

POU stock opened at C$15.99 on Tuesday. The business’s 50-day moving average price is C$26.56 and its two-hundred day moving average price is C$27.64. The company has a current ratio of 0.62, a quick ratio of 0.68 and a debt-to-equity ratio of 2.06. The firm has a market cap of C$2.38 billion, a PE ratio of 6.55, a P/E/G ratio of 0.14 and a beta of 3.04. Paramount Resources Ltd. has a 1-year low of C$14.33 and a 1-year high of C$33.06.

Paramount Resources Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 28th were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, February 20th. This represents a $0.60 annualized dividend and a yield of 3.75%. Paramount Resources’s dividend payout ratio is presently 73.70%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on POU shares. BMO Capital Markets decreased their price objective on Paramount Resources from C$40.00 to C$25.00 in a research report on Wednesday, February 19th. Jefferies Financial Group reduced their price target on Paramount Resources from C$35.00 to C$21.00 in a research report on Monday, February 24th. Royal Bank of Canada reduced their price target on Paramount Resources from C$34.00 to C$19.00 in a research report on Tuesday, February 18th. CIBC reduced their price target on Paramount Resources from C$39.50 to C$24.50 in a research report on Wednesday, February 19th. Finally, Scotiabank reduced their price target on Paramount Resources from C$46.00 to C$31.00 in a research report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$28.21.

About Paramount Resources

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.