Paramount Resources Ltd. (TSE:POU) Given Average Rating of “Moderate Buy” by Brokerages

Paramount Resources Ltd. (TSE:POU) has been assigned a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$28.21.

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets lowered their target price on shares of Paramount Resources from C$40.00 to C$25.00 in a research note on Wednesday, February 19th. CIBC lowered their target price on shares of Paramount Resources from C$39.50 to C$24.50 in a research note on Wednesday, February 19th. Scotiabank lowered their target price on shares of Paramount Resources from C$46.00 to C$31.00 in a research note on Wednesday, February 19th. Jefferies Financial Group lowered their target price on shares of Paramount Resources from C$35.00 to C$21.00 in a research note on Monday, February 24th. Finally, Royal Bank of Canada lowered their target price on shares of Paramount Resources from C$34.00 to C$19.00 in a research note on Tuesday, February 18th.

Insider Activity at Paramount Resources

In other Paramount Resources news, Senior Officer Michael S. Han sold 8,320 shares of the firm’s stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of C$30.86, for a total value of C$256,788.48. Also, Senior Officer Rodrigo Sousa bought 5,600 shares of the firm’s stock in a transaction on Friday, March 7th. The stock was acquired at an average cost of C$15.78 per share, for a total transaction of C$88,365.76. In the last three months, insiders have purchased 8,848 shares of company stock valued at $143,148. 45.36% of the stock is owned by corporate insiders.

Paramount Resources Price Performance

Shares of POU opened at C$16.46 on Monday. The business’s 50-day moving average is C$25.31 and its two-hundred day moving average is C$27.31. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.68 and a current ratio of 0.62. Paramount Resources has a fifty-two week low of C$14.33 and a fifty-two week high of C$33.06. The company has a market capitalization of C$2.45 billion, a P/E ratio of 6.74, a P/E/G ratio of 0.14 and a beta of 3.04.

Paramount Resources Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 31st will be paid a $0.05 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend is Monday, March 17th. Paramount Resources’s dividend payout ratio is presently 73.70%.

About Paramount Resources

Paramount Resources Ltd is a Canadian energy company that explores, develops, produces, and markets natural gas, crude oil, and natural gas liquids. The company takes part in exploration and production in Alberta and British Columbia. Sales for Paramount’s products are priced in a multitude of markets that span the United States and Canada.