Paramount Resources Ltd. (TSE:POU) Receives C$28.21 Consensus PT from Brokerages

Shares of Paramount Resources Ltd. (TSE:POU) have been assigned a consensus rating of “Moderate Buy” from the eight research firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$28.21.

POU has been the topic of a number of research analyst reports. National Bank Financial downgraded shares of Paramount Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 18th. Scotiabank cut their price objective on shares of Paramount Resources from C$46.00 to C$31.00 in a research report on Wednesday, February 19th. BMO Capital Markets cut their price objective on shares of Paramount Resources from C$40.00 to C$25.00 in a research report on Wednesday, February 19th. Royal Bank of Canada cut their price objective on shares of Paramount Resources from C$34.00 to C$19.00 in a research report on Tuesday, February 18th. Finally, Jefferies Financial Group cut their price objective on shares of Paramount Resources from C$35.00 to C$21.00 in a research report on Monday, February 24th.

Paramount Resources Stock Down 0.2 %

Shares of TSE:POU opened at C$17.51 on Monday. The company has a market cap of C$2.61 billion, a price-to-earnings ratio of 7.17, a PEG ratio of 0.14 and a beta of 3.04. The firm’s 50-day simple moving average is C$23.84 and its 200-day simple moving average is C$26.93. The company has a quick ratio of 0.68, a current ratio of 0.62 and a debt-to-equity ratio of 2.06. Paramount Resources has a fifty-two week low of C$14.33 and a fifty-two week high of C$33.06.

Paramount Resources Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders 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 dividend yield of 3.43%. The ex-dividend date of this dividend is Monday, March 17th. Paramount Resources’s dividend payout ratio is presently 73.70%.

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 on Tuesday, December 24th. The shares were sold at an average price of C$30.86, for a total transaction of C$256,788.48. Also, Senior Officer Rodrigo Sousa acquired 5,600 shares of the firm’s stock in a transaction on Friday, March 7th. The shares were bought at an average cost of C$15.78 per share, with a total value of C$88,365.76. In the last three months, insiders bought 8,848 shares of company stock valued at $143,148. Corporate insiders own 45.36% of the company’s stock.

Paramount Resources Company Profile

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.